The IEA’s newly-enhanced Tracking Clean Energy Progress provides a comprehensive and rigorous assessment of a full range of energy technologies and sectors that are critical in a global clean-energy transition. It includes the most up-to-date information for where technologies are today and where they need to be according to the IEA’s Sustainable Development Scenario, a pathway to reach the Paris Agreement well below 2°C climate goal, deliver universal energy access and significantly lower air pollution.
The European Commission has approved under EU State aid rules a German scheme to support railway companies that invest in energy efficiency technologies. The measure will promote the shift of freight traffic from road to rail and contribute to a reduction of CO2 emissions.
The inhabitants of Zagreb stand to benefit from a large investment in the modernisation of their electricity and heat supply under a joint effort by the EIB, the EBRD and the European Commission’s “Juncker Plan”.
Yesterday, the Parliament of Moldova adopted a new Energy Efficiency Law aimed at transposing Energy Efficiency Directive EU/2012/27. This brings to an end a nearly two-year process in which the Energy Community Secretariat was strongly involved to ensure the law’s compliance with the Energy Community energy efficiency acquis.
The European Investment Bank approved a total of EUR 12.6 billion of new financing for 83 projects located across Europe, Asia, Latin America and Africa. This represents a record level of new support ever agreed at a monthly meeting of the EIB Board of Directors.
The European Fund for Strategic Investments (EFSI) has mobilised €335 billion in additional investment across the EU since July 2015. The Juncker Plan has made a clear impact on the EU economy and revolutionised the way innovation is financed in Europe.
The European Commission has launched a public consultation on a strategy for long-term EU greenhouse gas emissions reduction. All interested citizens and stakeholders can send their contributions by 9 October 2018.
Global energy investment totalled USD 1.8 trillion in 2017, a 2% decline in real terms from the previous year, according to the World Energy Investment 2018 report. More than USD 750 billion went to the electricity sector while USD 715 billion was spent on oil and gas supply globally.
Today, the EU Member States agreed on a Commission proposal to invest €48.4 million in several key European energy infrastructure projects. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure, and in particular from its energy window (CEF-Energy).
Today’s discussions focused on energy infrastructure, innovation and transitions as important means of promoting transparent, open and secure energy markets.