Albania has successfully completed the first-ever renewable energy support auction in the Energy Community. Director Janez Kopač commented: “We warmly welcome the first renewables support auction in Albania and hope that it will be followed in all Contracting Parties. Renewable energy auctions provide a competitive selection processes for granting support, resulting in lower renewable energy prices. This is a clear gain for energy consumers.”
In early October, the price of Brent crude oil reached a four-year high above $86/bbl, reflecting the legitimate fears of market tightness. In our view, this was a dangerous “red zone” and it justified calls for producers to raise output. Today, the price has fallen to a more reasonable level close to $70/bbl, well below where it was in May before the US announced its change of policy on Iran. Lower prices are clearly a benefit to consumers, especially hard-pressed ones in developing countries that are suffering from the additional handicap of weak national currencies. For now, forecasts of oil demand growth remain solid with an increase of 1.3 mb/d this year and an increase to 1.4 mb/d in 2019, even though the macro-economic outlook is uncertain.
Brussels, 12 November 2018: Europe needs an open legislative framework where all solutions contributing to the decarbonization of the transport sector and achieving air quality goals can be assessed on fair terms.
To reach the 2030 targets currently under discussion, engine and vehicle technologies, in combination with low carbon and renewable gaseous fuels, will still have to play an important role in the heavy-duty sector. But the current CO2 tailpipe emissions methodology has to be complemented to consider the contribution from advanced bio and renewable gas.
Natural and renewable gas is an available fuel solution that is ready to play its role today. Renewable gas production is already standard practice, and its availability and vehicle fleet is growing fast.
Therefore, just before the European Parliament’s final vote on the regulation setting CO2 emissions standard for new heavy-duty vehicles, NGVA Europe urges for the inclusion of a new complementary approach.
Under new rules agreed by Parliament and national governments, at least 32% of the EU’s energy consumption in 2030 will have to come from renewable sources, such as the sun or wind. EU countries will also have to ensure that at least 14% of their transport fuels come from renewable sources.
In a sign of great progress, over 120 million people worldwide gained access to electricity in 2017. This means that for the first time ever, the total number of people without access fell below 1 billion according to new data from World Energy Outlook 2018.