Most energy efficiency policies are justified on the basis of energy savings, together with contributions to energy security and climate change mitigation. However, improved energy efficiency also delivers additional, non-energy benefits for individuals, the broader economy, and society. We call this the “multiple benefits” of energy efficiency. These benefits include various macroeconomic benefits (e.g. shifts in energy trade balances and employment), increased access to energy, and affordability of energy services, reduced air pollution, and fiscal improvements for national and sub-national entities.
Major progress in establishing battery manufacturing in Europe in only one year. One year on from the launch of the European Battery Alliance (EBA), the Commission Action Plan is in place, the first pilot production facilities are being built and further projects are announced to establish the EU as the lead player in the strategic area of battery innovation and manufacturing.
The International Energy Agency and the National Development and Reform Commission (NDRC) of the People’s Republic of China have signed a Memorandum of Understanding (MoU) on energy efficiency collaboration. Mr Zhang Yong, Vice Chairman of the NDRC, and Dr Fatih Birol, the IEA’s Executive Director signed the agreement at the IEA headquarters in Paris today.
The European Commission is organising a series of technical workshops in the 10 EU Member States that will benefit from the new Modernisation Fund to be set up under the revised ETS Directive. The workshops will also allow for discussions on the possible use of the Article 10c mechanism.
“The EU has been at the forefront of addressing the root causes of climate change and strengthening a concerted global response to it in the framework of the Paris Agreement. Today’s report is a remarkable endeavour of scientists to inform policy-makers worldwide and society at large. EU-funded research provided indispensable input to this undertaking. We would like to thank the scientists for their outstanding work in delivering this timely report.”
Electricity will help play a central role in helping the European Union meet its energy and climate goals towards a low-carbon European economy by 2050. Electrification is the most direct, effective and efficient way of reaching the decarbonisation objectives. This makes the electricity network the backbone of the future energy system. What needs to be done to future-proof the EU electricity network that enables Europeans to enjoy clean, secure and affordable electricity?
The European Investment Bank (EIB) is showing its support for the Hungarian economy and for cohesion projects in Central and Eastern Europe. In Budapest today, EIB Vice-President Vázil Hudák signed four different loan agreements for a total amount of EUR 400 million and one advisory agreement. He also spoke at the Budapest Economic Forum.
Our modern economy relies on the quality and availability of natural resources. Driven by population growth and economic development, future demand for natural resources is expected to further increase in coming decades. Natural resources such as metals, non-metallic minerals, and biomass will be an important part of society’s future material mix as countries increasingly transition towards resource efficient and greenhouse gas neutral economies.
Last week the European Innovation Council (EIC) pilot brought18 cutting-edge companies working on environmental technologies and renewable energy to China International Industry Fair 2018, in Shanghai, China. The companies were promoted as part of the support services that small businesses get alongside their grant from the EIC’s SME Instrument funding strand.
NOK 1.73 billion (EUR 180 million) for small investments in Norway, 70% of financing earmarked for climate relevant projects with a focus on low-carbon transport modes. First transaction under project signed with Norgesbuss for the acquisition of 17 electric buses, giving major boost to sustainable transport and green transition in Norway.
Even with increased production, by 2050 the European pulp and paper industry can reduce its energy consumption by 14% and greenhouse gas (GHG) emissions by 62% compared to 2015 levels.