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EC, Breakthrough Energy Catalyst Partnership Touted (Int'l. Report)
European Commission,Breakthrough Energy
Date: 2021-06-07
European Commission (EC) President Ursula von der Leyen and Bill Gates have announced a pioneering partnership between the European Commission and Breakthrough Energy Catalyst to boost investments in the critical climate technologies that will enable the net-zero economy. The new partnership aims to mobilize new investments of up to €820 million ($1 billion) between 2022-26 to build large-scale, commercial demonstration projects for clean technologies -- lowering their costs, accelerating their deployment, and delivering significant reductions in CO2 emissions in line with the Paris Agreement.

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,  


Green Hydrogen, Ammonia Seen as Future Marine Fuel (Alt. Fuel)
FuelEU Maritime Initiative
Date: 2021-03-08
According to a just published letter from Transport & Environment (T&E) and marine shipping companies DFDS, CMB, Viking Cruises and ommodities trader Trafigura, "biofuels do not offer a sustainable alternative for shipping as crop-based biofuels emit more emissions than the fossil fuels they replace and there will not be enough advanced biofuels to meet demand. On the other hand, green hydrogen and ammonia are sustainable and can be produced in sufficient quantities to decarbonise the shipping industry." Accordingly, "Lawmakers must send a clear signal to potential investors to focus on renewable electricity-based hydrogen and ammonia when the EU proposes its maritime fuel policy next month", the letter states.

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, www.safety4sea.com/eus-fueleu-maritime-initiative-to-drive-decarbonization

More Low-Carbon Energy News Marine Fuel,  Maritime Fuel,  Green Hydrogen,  Ammonia,  Alternative Fuel,  Biofuel,  


EU Adopts Bldg. Energy Efficiency Renovation Wave Strategy (Int'l.)
European Commissions
Date: 2020-12-16
The European Commission (EC) reports the adoption of the Renovation Wave Strategy and other energy proposals and strategies fundamental to the implementation of the EU Green Deal and to achieve climate neutrality by 2050 as well as emission reduction targets by 2030.

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,  


€30Bn Dutch GHG Emissions Reduction Scheme Approved (Int'l.)
European Commission
Date: 2020-12-16
The European Commission (EC) reports it has approved, under EU state aid rules, a €30 billion scheme to support projects to reduce greenhouse gas emissions in the Netherlands while contributing to the EU environmental objectives and supporting the 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 and Economic Recovery in Europe (Report Attached)
Wind Europe, EU Green Deal
Date: 2020-11-02
Wind energy is an important asset for the European economy. The sector contributes €37 billion to the EU's GDP and employs 300,000 people.

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, info@windeurope.org, www.windeurope.org

More Low-Carbon Energy News Wind,  WindEurope,  

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