EU Member States have inadvertently supported with their own subsidies the renewable energy targets of other Member States, a practice that violates EU internal market rules, explains Kim Talus at UEF Law School. He looks at how Denmark subsidised Danish biomethane producers who exported to Sweden, where Swedish consumers were benefitting from subsidies already. This promoted Danish biomethane producers at the expense of rivals. In December 2022 … [Read more...]
Germany, Italy + 10 others not on track to meet their 2030 climate targets, costing them €billions in carbon credits
12 EU countries are on track to miss their 2030 national climate targets by a large margin, according to a study by T&E. That means they will have to buy carbon credits on such a large scale there will be few left for others to buy their way out of missing their own targets (leaving them facing court cases). Germany and Italy are the two worst performing countries, with France on track by a very close margin. Germany will have to pay … [Read more...]
UCO (Used Cooking Oil) for biofuels: how much is fraudulently imported virgin vegetable oil?
UCO (Used Cooking Oil) is a feedstock for biofuels. In 2023, European countries consumed close to seven million tonnes of UCO for biofuels. This is four times the continent’s maximum potential for supplying it domestically, so the rest comes from imports, mostly from China, Malaysia and Indonesia. The vast majority is blended for biodiesel to use in cars and trucks. UCO accounted for one third of conventional biodiesel feedstocks and a quarter of … [Read more...]
Carbon Pricing annual receipts are almost $100bn globally and rising
About one-quarter of global emissions are, to varying degrees, covered by carbon pricing schemes. They’ve raised over $500bn from polluters to date. Andrew Reid at NorthStone Advisers, writing for IEEFA, summarises his report which says the annual amount raised, now almost $100bn, is set to increase with two-thirds of nations planning to use carbon pricing in their Nationally Defined Contributions. And the EU’s Carbon Border Adjustment Mechanism … [Read more...]
The EU’s Carbon Border Adjustment Mechanism still has 5 serious flaws
Taxing carbon at the border is a lot more complicated than you may think, explains James Bushnell at the Energy Institute at Haas. The EU’s Carbon Border Adjustment Mechanism (CBAM) imposes a tax on imported goods that is designed to reflect the carbon content of those goods. But CBAM has flaws that must be addressed. It taxes the carbon in imported inputs supplied to EU producers, but not the carbon of those same inputs if they are imported as … [Read more...]
June deadline for EU nations’ NECPs: will this year’s plans show they’re taking the climate seriously?
On June 30th, EU Member States have to submit the final revision of their updated National Energy and Climate Plans (NECPs) to the European Commission. NECPs specify their climate and energy targets and trajectories up to 2030, with an outlook to 2040 and the longer term. NECPs must also feature the policies and measures planned to achieve these targets, as well as their funding needs and sources. But, as Federico Mascolo at CAN Europe explains, … [Read more...]
At $2tn, investment in Clean Energy in 2024 is set to be double that for Fossil Fuels
A new report by the IEA reveals that global spending on clean energy technologies and infrastructure is on track to hit $2tn in 2024, driven largely by attractive cost reductions, improving supply chains, energy security, and government policies. This is despite higher financing costs for new projects. The combined investment in renewable power and grids only recently overtook the amount spent on fossil fuels, in 2023. 2024 will see it at double … [Read more...]
Tariffs on China’s carmakers? Chinese joint ventures and on-shoring would be better
Both the U.S. and the EU are targeting China’s carmakers with tariffs. China is accused of providing state support that allows exported vehicles to be sold at cheaper prices than those of global rivals. The tariffs will allow U.S. and EU carmakers to build up their own domestic supply chains and catch up in competitiveness. But cheap EVs help accelerate the clean transition, so tariffs will only slow it down, certainly in the short term. And … [Read more...]
To make Clean Industry stick, the United States needs new trade mechanisms
The industrial sector throughout the world needs to decarbonise. At the same time, no one country wants to incur the costs and risk losing market share to rivals who decarbonise slowly (or not at all!) Hence the EU’s Carbon Border Adjustment Mechanism (CBAM) that imposes costs on carbon-intense imports. This protects clean EU industries while incentivising importers to get going with decarbonisation or lose their European customers. Allegra Dawes … [Read more...]
It’s time to sanction Rosatom subsidiaries, part of Russia’s LNG production chain
Following Russia’s invasion of Ukraine, the West and its allies imposed a series of sanctions to cut dependence on Russian oil and gas imports, as well as hit Russian import earnings. Ihor Moshenets at the Central European University points to a serious sanctions blind spot: Rosatom, Russia’s nuclear major. Rosatom has avoided sanctions because it is ostensibly a nuclear technology provider, with long term commitments to Europe that do not … [Read more...]
REPowerEU gas reduction is exceeding targets. But that means the same 2025 target can see gas rise again
The REPowerEU policy has done well so far in its aim of ending Europe’s dependency on Russian fossil fuels by 2027. The target of 15% reduction in gas use, compared to the average consumption between April 2017 and March 2022, was exceeded in both 2023 and 2024. The Commission has again set the same 15% target for the coming year. However, by doing so the very many EU countries that have succeeded so well in exceeding that target are effectively … [Read more...]
The EU’s inaugural Hydrogen subsidy auction. What have we learned?
At the end of April, the winners were announced of the first pilot auction to allocate subsidies for EU hydrogen production via the European Hydrogen Bank. The winning bids were between €0.37 and €0.48 per kg, much lower than the €4 – €6 per kg estimated “green premium” cost gap between renewable hydrogen and fossil hydrogen in Europe. The low bids mean companies applied for fewer subsidies than needed to bridge that “green premium” gap because … [Read more...]
District Heating: trials face local permitting blocks. It’s because there’s too little national and EU guidance
The EU-funded WEDISTRICT project establishes sites to demonstrate innovative 100% fossil free heating and cooling solutions for new and existing district heating and cooling systems. But some of the sites have run into permitting problems with local authorities and stakeholders. In Poland, the project had to be withdrawn. In Spain, it had to relocate to a site in the University of CĂłrdoba. As Khatia Shamanauri and Fintan Burke at ESCI explain, … [Read more...]
After the EU elections: what should be Europe’s energy and climate priorities for 2024-29?
After June’s European Parliament elections the new Commission will be tasked with setting the agenda for EU energy and climate policy. What should its priorities be? Maciej Jakubik at Forum Energii summarises their paper that sets out six. Energy security, improving access to data and therefore planning, energy market reforms and grid development, protecting and supporting vulnerable citizens, establishing an Energy Transformation Fund, global … [Read more...]
Investors beware: per € of revenue, truckmakers are more carbon intensive than oil, steel, cars (but not coal!)
Truckmakers are a more carbon intensive investment, per € of revenue, than oil, steel and cars. The only major sector that's worse is coal mining, says a new study by T&E. For investors that are counting the emissions of their investments, this will become clear when truckmakers are forced to report their Scope 3 emissions next year. Truckmakers therefore risk losing access to these investors. Until now, truckmakers have got away with it … [Read more...]
- 1
- 2
- 3
- …
- 22
- Next Page »
![](https://energypost.eu/wp-content/themes/dynamik-gen/images/content-filler.png)