The partnership intends to invest in high-impact EU-based projects initially in four sectors with a high potential to help deliver on the economic and climate ambitions of the European Green Deal -- green hydrogen; sustainable aviation fuels (SAF); direct air carbon capture; and long-duration energy storage. In doing so, it seeks to scale up key climate-smart technologies and speed up the transition towards sustainable industries in Europe.
Investment support will take the form of financial instruments and grants. The partnership will also be open to private, philanthropic and national investments by EU Member States through InvestEU or at project level, according to the EC release.
(Source: European Commissions, PR, 2 June, 2021) Contact: European Commission, Ursula von der Leyen, Pres Breakthrough Energy, www.breakthroughenergy.org
EU Innovation Fund, www.ec.europa.eu/clima/policies/innovation-fund_en; EU Green Deal, www.ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en
More Low-Carbon Energy News European Commission, Breakthrough Energy, Clean Energy, Carbon Emissions, Bill Gates,
Globally, €1.4 trillion in capital investments will be required to produce green hydrogen and ammonia for the shipping industry. The EU should seize this opportunity to create new jobs and support sustainable economic growth in line with the EU Green Deal when it propose its FuelEU Maritime Initiative in April, the letter states.
Not-for-Profit and politically independent shipping industry organization Transport & Environment's vision is for an affordable science-based zero-emission mobility system with climate and environment impacts. (Source: Transport & Environment, PR, Website 3 Mar., 2021) Contact: Transport & Environment, Faig Abbasov, Shipping Program Director, +32 (0)487 717296, www.transportenvironment.org; FuelEU Maritime Initiative,
More Low-Carbon Energy News Marine Fuel, Maritime Fuel, Green Hydrogen, Ammonia, Alternative Fuel, Biofuel,
The Renovation Wave Strategy aims to at least double the office building renovation rate in the next ten years and make sure renovations lead to higher energy and resource efficiency, save energy, reduce Europe's greenhouse gas emissions, foster digitalization and improve the reuse and recycling of materials, according to a press release. The release noted that by 2030, 35 million buildings could be renovated and up to 160,000 additional green jobs created in the construction sector.
Buildings are responsible for about 40 pct of the EU's energy consumption, and 36 pct of greenhouse gas emissions. But only 1 pct of buildings undergo energy efficient renovation every year, so effective action is crucial to making Europe climate-neutral by 2050. (Source: EU, New Europe, Oct., 2020) Contact: EU Green Deal, ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en
More Low-Carbon Energy News Energy Efficiency, EU Green Deal,
The €30 billion scheme, which will run until 2025, will support cost effective renewable energy, use of waste heat, hydrogen production, carbon capture and storage(CCS) and other environmentally-friendly projects in line with EU rules.
Scheme beneficiaries will receive support via a variable premium contract of up to 15 years, according to the EC release. (Source: European Commission, EU Reporter, 15 Dec., 2020)Contact: EU Green Deal, ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en
More Low-Carbon Energy News European Commission , European Green Deal, Carbon Emissions, GHGs,
Wind energy has been resilient in the COVID-19 crisis. Europe's existing wind farms continued to operate, delivering electricity where it was needed. The industry continued installing new capacity, connecting 5 GW to the grid in the first semester of 2020. It also kept building new turbines in its factories. And it invested €14 billion in new projects ready to go ahead. Wind energy therefore can play a significant role in a green economic recovery.
But wind creates additional benefits beyond jobs and value to the economy. It directly benefits communities living near wind farms. It pays €5 billion in taxes across Europe every year and often make direct payments to communities, offer benefits-in-kind, and in many cases communities participate partially in the ownership of the local wind farm.
The EU Green Deal envisages a major expansion of wind energy over the next 30 years, taking it from 15 pct of Europe's electricity today to around half by 2050. By delivering on this, the EU can significantly boost the contribution of its globally competitive wind industry to the economy, and benefit communities across the continent.
Download Wind Europe's Wind Energy and Economic Recovery in Europe
HERE. Contact: Wind Europe, +32 2 213 1811 / Fax: +32 2 213 1890,
More Low-Carbon Energy News Wind, WindEurope,