The EBRD Board of Directors today approved a new energy sector strategy that targets the creation of an energy sector which delivers clean, secure and affordable energy for all. The strategy for the next five years emphasises the scaling-up of investment in renewables, supporting the integration of energy systems, promoting the switch to cleaner and more resilient energy sources and facilitating electrification as a means to clean the economies where the Bank invests, which include some of the least energy-efficient and most polluting economies and cities in the world.
On 11 December 2018, the European Commission hosted the 6th EU Energy Day within the margins of the United Nations Climate Change Conference (COP24) in Katowice, Poland. As part of the programme, an in-depth discussion was held on the Coal Regions in Transition Initiative. Launched in 2016 under the Clean Energy for All Europeans package, its aim is to address the specific social and economic concerns of regions relying on coal mining as the main source of economic activity and employment.
On 10 December 2018, the Energy Community Secretariat, with the support of the Polish Government under the COP24 Presidency, held the side-event “Shifting to a low-carbon economy: Just transition pathways in the Energy Community and beyond” at the twenty-fourth session of the Conference of the Parties (COP24) to the United Nations Framework Convention on Climate Change (UNFCCC) in Katowice. For the first time, the Energy Community Secretariat participated to the climate COP as an observer organization.
Today Austria won the shameful Fossil of the Day Award from Climate Action Network (CAN) International. Austria was given this dubious award because it is failing as the president of the EU to end subsidies to coal power plants in the current EU electricity market negotiations, while the the bloc underperforms on climate finance for developing countries, which are at the forefront of the worsening impacts of climate change.
The projects awarded the EU funding are expected to develop technologies for capturing, storing and conversion of CO2 and contribute to the transition to clean energy through researching its social aspects, modelling, building education and research capabilities and focusing on coal-intensive regions.
A week away from the release of the European Commission’s 2050 “Long-Term Strategy” for emissions reduction, three Brussels based organisations, Eurofuel, ECFD and UPEI – jointly with their respective German members – presented and debated the results of the Prognos Study “Status and Perspectives for Liquid Energy Sources in the Energy Transition”. The Prognos Study was commissioned by the four organisations representing the mineral oil sector in Germany. Whilst the study focussed on an analysis of the German market, the findings can be extrapolated on an EU wide level. The event was held on 21 November 2018 in Brussels and gathered experts and professionals from the transport and heating fuels sector.
A new study carried out by Prognos AG is looking into the status and perspectives of liquid energy sources and their possible contribution to the energy transition. Join us for a presentation of this study and a debate with renowned experts from institutions, industry, civil society organisations and the academic world about Europe’s future energy supply and the perspectives for liquid energy sources.
The fourth Symposium on Gas and Coal Market Outlooks was held in Paris yesterday by the International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) to exchange views and compare outlooks for natural gas and coal markets in the short, medium and long term.
The Energy Community Secretariat’s Annual Implementation Report, released today, underlines that the Energy Community Contracting Parties have made progress in reforming their energy sectors, but upgraded efforts are needed. This is especially important if the clean energy transition is to succeed in the Energy Community. The Report, which was revamped to provide an even more accurate snapshot of the progress achieved by the Contracting Parties, concludes that the average implementation score is at around 43%. For the first time, the report comprises all nine Energy Community Contracting Parties, including the newest member Georgia.
Data extracted in October 2018.
The International Energy Agency is releasing its newly updated online data service for all fuels and energy balances, supported by a series of free overviews. These publications and datasets present comprehensive global data and statistics for 2016, plus provisional data for 2017 from OECD countries where available.
Today at the Global Climate Action Summit in San Francisco, UN Special Envoy for Climate Action and Bloomberg Philanthropies founder Michael R. Bloomberg and European Commissioner for Energy and Climate Action Miguel Arias Cañete pledged to join efforts to manage the global transition away from coal.
It has been a summer of broken heat records in the northern hemisphere, from Japan to Spain and Oman to Canada. News headlines have underscored the heavy toll that extreme heat can bear on human health and lives, with prolonged high temperatures further fuelling droughts and wildfires. Yet it is also important to recognize the less obvious impacts on the fundamental systems and services upon which we all depend, including energy.