The European Parliament has approved the final four pieces of legislation in a proposal from the European Commission. With that, the Clean Energy for All Package is now complete and is only waiting for support from the Council of Ministers.
The International Renewable Energy Agency has examined how common ground between sectors; digitalization; and technological innovation can transform the energy system and lower the cost of renewables. Storage technologies such as behind-the-meter applications, utility-scale storage and power-to-x are working in the right direction and much can be learned about digitalization from other sectors.
The funds will come from the Connecting Europe Facility. Around €504 million will be used for electricity infrastructure and smart grids and another €286 million will be devoted to gas. The remaining €9 million will be allocated to studies on the development of carbon dioxide transport infrastructure.
A scenario in which no additional oil, coal or nuclear capacity is built and renewables grow at a pace of 3-4%, would see solar comprise 69% of the global electricity system by 2050. According to an EU thinktank, such an effort would boost European manufacturing, creating jobs and prosperity.
In a stormy hearing last week, Spanish commissioner-designate for energy and climate action Miguel Arias Cañete sought to dodge questions about his oil industry past and provided only vague answers to questions about energy and climate protection policy. His candidacy could be in danger.
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