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.
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”.
A summary of the debate is now available.
Deep disparities define today’s energy world. The dissonance between well-supplied oil markets and growing geopolitical tensions and uncertainties. The gap between the ever-higher amounts of greenhouse gas emissions being produced and the insufficiency of stated policies to curb those emissions in line with international climate targets. The gap between the promise of energy for all and the lack of electricity access for 850 million people around the world.
Africa is set to become increasingly influential in shaping global energy trends over the next two decades as it undergoes the largest process of urbanisation the world has ever seen, according to a new report from the International Energy Agency.
This article provides a picture of trade in energy products between the European Union (EU) and the rest of the world (extra-EU trade), and between the Member States (intra-EU trade). Special focus is given to Russia as the main supplier of petroleum oils and natural gas to the EU. Coal, lignite, peat and coke are the other key energy products considered hereafter.
The choices made by individuals are having a significant effect on the evolution of the global energy system. Thanks to distributed renewables, users are no longer only consuming energy – they are also producing it. Shifts in consumer behaviour, such as a move toward electric vehicles, are also creating stresses and opportunities for power systems.
The IEA held a workshop on the modernisation of gas transmission and distribution services last week in Brasilia, Brazil. The event, which ran from 22-24 October, brought together experts from Brazil, Austria, France, Hungary, Spain, the United Kingdom, the IEA and OECD to participate in seven gender-balanced panels.
The European Union (EU) has a high level of energy security, enabled by oil and gas reserve stocks, and one of the most reliable electricity grids in the world. However, a number of established and emerging trends pose new challenges to the security of energy supply, notably in the electricity sector. The production, distribution and use of energy is becoming increasingly digitalised and automated, a trend which will further increase with the transformation towards a distributed carbon-neutral energy system and the growth of the ‘internet of things’, which means that more and more networked devices will be connected to the electricity grid. This provides increased opportunities for malicious actors to carry out attacks on the energy system, notably cyber-attacks, possibly in combination with physical damage and social engineering.
Brussels, 28 October 2019.
The European Investment Bank (EIB) will provide EUR 100m to Banco de Desenvolvimento de Minas Gerais (BDMG) to support climate action projects in this Brazilian state.