energytransition
The incoming Hungary EU Presidency will push for bloc-wide approval of an initiative for expansion of geothermal energy by the end of the year to boost certainty in the sector for potential investors, an Hungarian official said during an event in Brussels today (July 3). Addressing a conference organised by the European Geothermal Energy Council (EGEC), Viktor Horváth, deputy state secretary responsible for energy transition in Hungary, said this energy emanating from the Earth’s crust is locally available and will enhance energy security and stressed the importance of making available public ...
Euronews (English)
The European Union stands at a critical juncture, confronting the dual crises of escalating climate threats and geopolitical instability. From the devastating impacts of climate change to the recent energy turmoil sparked by Russia’s aggression in Ukraine, the EU’s vulnerabilities are glaring. The European Green Deal, a commitment made by all member states, mandates a rapid decoupling from natural gas. This presents both a daunting challenge and a remarkable opportunity. In the Baltic-Finland region, natural gas consumption varies, with usage rates at 3% in Finland, 6% in Estonia, 16% in Latvi...
Euronews (English)
EU countries are going in the “wrong direction” in their efforts to slash carbon dioxide levels, as natural carbon sinks keep disappearing and lack of investment in climate is jeopardising progress, according to a report published today (July 2). While climate ambition remains on track based on EU countries’ stated aims, the European Climate Neutrality Observatory (ECNO) considers “urgent” the adoption of measures to invest in natural carbon dioxide removal by encouraging a greater mix in tree species. “There is an urgent need to further expand sustainable forest practices and promote restorat...
Euronews (English)
Offshore wind has become a staple of renewable energy production. But so far it has been mostly limited to shallow waters, restricting how many countries can take advantage of it. That could soon change thanks to floating wind. The technology consists of a turbine mounted on a buoyant substructure and anchored to the seabed with chains. This means it can be deployed in seas of 300 metres deep and more, compared to the more traditional system of mounting turbines on the seabed, which becomes uneconomical in depths of more than 60 metres. Because it allows wind production in deeper waters, the t...
Euronews (English)
Nature restoration, water protection and boosting renewables are likely to remain among the political priorities of the EU's next institutional cycle, according to a leaked Strategic Agenda, seen by Euronews, a high-level EU guiding policy document set to be agreed during a summit of EU leaders starting today (27 June) in Brussels. Previous leaks of the EU leaders’ guiding policy document suggested references to climate action had been all but erased, pointing to a U-turn to the European Green Deal’s main goals, but the latest draft document seen by Euronews pledges to “continue protecting nat...
Euronews (English)
A new emissions trading system (ETS) adding a carbon price to the cost of fossil fuels used to heat homes and power road transport, could prove a headache for the next European Commission, a senior official has acknowledged. “I think certainly it will be an inflection point,” the head of cabinet to EU energy commissioner Kadri Simson said on Monday (24 June) of the levy due to take effect in 2027. “It may become very controversial,” Stefano Grassi said during a policy discussion hosted by Euronews. “In our analysis, most of the burden will not be sustained by citizens or final consumers, but m...
Euronews (English)
Regardless of what you think of the phrase "the customer is always right", there is a key truth to it: customers are the ones who set consumption habits and trends. Nowhere is this fact more important to keep in mind than in today’s automotive sector. As both governments and automakers seek solutions to the global challenge of decarbonised mobility at scale, they need to ensure they deliver options to consumers that are well-suited to consumer needs. There’s no one-size-fits-all approach to sustainable mobility. In Europe, we’ve seen significant growth in adoption of electric vehicles (EVs) ov...
Euronews (English)
Last month, the AI Seoul Summit took place in South Korea, bringing government leaders together with tech companies, academics, and civil society to advance discussions on the safety of artificial intelligence. The event concluded with 16 of the world’s most powerful tech giants promising to minimise the risks of the AI revolution. These global corporations, including the likes of Microsoft, Meta and IBM, signed up to the newly developed "Frontier AI Safety Commitments". They will now have to publish their own safety frameworks, explaining how they will measure the risks of their AI models. Si...
Euronews (English)
In the world's transition to a low-carbon footprint, natural gas is expected to play a key role in supporting demand. Meanwhile, the artificial intelligence (AI) boom is set to spur its utilisation in electricity consumption. Since mid-April, the US natural gas futures prices have surged by approximately 62%, and the Dutch gas futures rose 18% due to intensified geopolitical tensions in the Middle East, reduced production in the US, supply disruptions in Norway, and expectations of growing demand Demand for natural gas is expected to growAccording to S&P Global Commodity Insights, "global powe...
Euronews (English)
Given the urgent time frame to achieve the Sustainable Development Goals by 2030, more must be done. The Group of Seven (G7), the informal grouping of the world’s largest developed economies, will be pivotal in leading the international community in prioritising ending energy poverty and accelerating a clean energy transition in line with Sustainable Development Goal 7, which calls for clean and affordable energy for all. Indeed, the G7 Leaders’ Summit is set to take place in Fasano, Italy, and this week is a watershed moment for achieving this collective target. All eyes will be on the leader...
Euronews (English)
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