The Board of the European Investment Bank (EIB) yesterday agreed to support EUR 6.9 billion of new financing. This includes backing new investment across Europe and around the world to improve communications, renewable energy, sustainable transport, social housing and education infrastructure.
The summary of the hearing is now available.
Over the course of my 5-year mandate as the European Union’s Commissioner for Environment, Maritime Affairs and Fisheries, I have had many opportunities to consider this phrase. In debates, I have heard the phrase too many times: “It’s just a drop in the ocean”.
Yet after these five extraordinary and fulfilling years, I am left with hope. Why? Because I have worked with so many people who are passionate about furthering the green and blue agenda. NGOs, campaigners, yes, but also business leaders, politicians at every level, economists and many individual citizens. In addition, I am more convinced than ever that change is happening.
In a world increasingly focused on moving away from single-use materials, copper is infinitely recyclable. At the same time, copper—and many other metals—is an essential component in powering a sustainable-energy future because it is a key material in a large number of renewables and efficiency applications.
Food packaging waste is currently under scrutiny. In the context of its Circular Economy Action Plan1 , the EU is addressing this through, among others, its Product Environmental Footprint (PEF) initiative2 , which aims to enhance the reliability of environmental claims — both in a business-to-consumer and in a business-to-business context. The initiative aims, therefore, to boost the market of green and circular products. However, a review of the methods available for assessing the environmental sustainability of packaging now highlights the difficulty of clearly characterising packaging’s environmental impact. The study suggests a new, fully quantifiable framework that could help to standardise assessment methods and bring ‘environmental footprint labelling’ to fruition.
There will be a chance to discuss the new policy proposals under the Green Deal, such as
- more ambitious energy and climate targets for 2030;
- a just transition including a new industrial policy;
- a Sustainable Europe Investment Plan
The Commission supports the new energy lending policy of the European Investment Bank (EIB) Group adopted at the EIB Board meeting today, which will help the Bank achieve full alignment with the Paris Agreement. The Commission voted in favour of the proposal.
The use of electricity and the number of electrical devices, including solar PV systems, in our homes are poised to grow dramatically in the next years and decades in Europe. The electrification of our buildings will be driven by climate and energy policies, but also by consumer demand for more comfort and digital technologies.
The first European electrical safety conference, which is scheduled for 12 to 6 PM on 20 November in Brussels, aims to assess whether the electrical installations and equipment in our homes are safe, and whether, to prepare for the growing electrification, there is a need for strengthened measures to minimize electrical hazards in the housing sector.
The EIB will end financing for fossil fuel energy projects from the end of 2021. Future financing will accelerate clean energy innovation, energy efficiency and renewables. EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030.
EIT InnoEnergy leads Battery Storage Masterclass on 18-20 November in Genk. The Masterclass empowers you with next-generation knowledge and insights, the innovation mindset, and the vision to assess emerging solutions and understand their potential across the entire battery storage value chain.
Innovations in the fields of renewable fuels and bioenergy, opportunities and challenges with respect to broadening the biomass feedstock base in Europe as well as the future role of ETIP Bioenergy and options how you can get involved in the platform will be discussed with the audience.
Boosting renewable energy projects on the ground requires scaling up investment. IRENA’s state-of-the-art analysis of enabling policy frameworks and finance mechanisms channel public and private investment in markets like Africa, Latin America, Asia, South-East Europe and the Small Island Developing States (SIDS).
This week, the Energy Community Secretariat hosted three consecutive events on how to boost renewables and facilitate their integration into the energy market to enable the energy transition. Finding the right policies and measures for a conducive renewables framework remains critical as many Contracting Parties have fallen behind in meeting their 2020 renewables targets.
Research and innovation in the energy sector promote the twin goals of sustainable climate change mitigation and European industrial leadership. The SET-Plan Conference on energy technology, which is currently taking place in Helsinki (13–15 November), is zeroing in on the potential of low-carbon technologies for making European industries more competitive.
Join us and discuss with key experts the role of advanced renewable fuels for a decarbonised energy and mobility systems in Europe.
For the past 10 years, the Renewables Grid Initiative (RGI) has been committed to the sustainable development of necessary electricity grids. Expanding the grid to connect renewable energy sources (RES) to consumers and to facilitate the use of RES across Europe is an essential and efficient way to decarbonise the economy. However, a RES based energy system will need more than grids to provide the required system flexibility. Significant changes are needed to successfully manage and efficiently achieve the energy transition. New flexibility options need to be developed to control frequency and voltage and new technologies are needed to provide long-term energy storage, among others.
A new European legislative package is required to address these needs and we want to investigate what are the key elements of such a forward looking “Climate Neutral Integrated System Package”.