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.
A new JRC report points to inexpensive and profitable solutions to reduce methane emissions in the energy, waste, wastewater and agriculture sectors.
An EU initiative will deploy hydrogen fuel cell electric vehicles in three European capitals as taxis, private-hire and police cars. The move will accelerate their commercialisation and help realise emissions-free transport.
The growth of oil production from the United States has led to fundamental changes in global oil markets in recent years. Thanks to the shale revolution, the United States is becoming the world’s top oil producer. Growth is led by shale production from the Permian Basin, where output is expected to double within the next five years.