greenenergy
Tesla's shares soared by 10% on Tuesday amid better-than-expected car deliveries in the second quarter, despite a second consecutive year-on-year decline. Although weakened demand and fierce competition contributed to the sales slowdown, Tesla's production of affordable cars and its energy storage segment may drive future growth. Tesla's Q2 EV deliveries drop less than expectedTesla delivered 443,956 EVs in the second quarter, surpassing the Wall Street average estimate of 439,302. However, the figure represents a 4.8% drop from the same quarter last year, following an 8.5% year-on-year decrea...
Euronews (English)
With the brunt of people arriving on Wednesday, the crowds in their thousands made their way up the hill at the Park Stage for the festival's opening ceremony fireworks. But there was also a new addition to the rituals. As the sun set on a baking first day, people were drawn to the grounds outside the Pyramid Stage for a drone show. A huge number of synchronised drones moved effortlessly through the sky, conjuring multicoloured images of the Pyramid, the Glastonbury sign and other classic imagery from the festival. Set to a silent background, the effect is impressive if a little subdued. You m...
Euronews (English)
Under the agreement, VW said it will initially invest €0.94 billion in the electric truck and SUV maker, with another €3.74bn to be put into the company by 2026. Founded in 2009, Rivian has not yet posted a quarterly profit. In the first three months of 2024 the company saw a net loss of more than $1.4bn (€1.31bn). It comes as the electric car sector faces challenges from weakening demand and a trade war which has seen the European Union say it will impose tariffs on Chinese vehicles which have been rapidly expanding globally. A months-long investigation by the European Commission found that C...
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)
The International Monetary Fund (IMF) has released its 2024 Concluding Statements on Common Policies for Member Countries, highlighting both the progress and the persistent challenges facing the euro area economy. Following the disruptions caused by the pandemic, Russia’s gas supply stoppage, and the ongoing war in Ukraine, the region is gradually recovering. Inflation rates are moving towards target levels, and banks have demonstrated resilience amid rising interest rates. Nonetheless, significant challenges persist, such as reduced fiscal buffers, an ageing population, and sluggish productiv...
Euronews (English)
A Spanish cooperative supplier with tens of thousands of members, an Irish cooperative helping citizens renovate their households, a Portuguese cooperative e-car sharing scheme: a tidal wave of citizen-led renewable energy projects is sweeping across Europe. This silent revolution is partly spurred by the recent energy crisis, which pushed millions of households to look for energy independence solutions. This tapestry of inspiring solutions constitutes the lived manifestation of a staggering statistic: by 2050, one in two EU citizens could be producing their own electricity, covering 45% of th...
Euronews (English)
Germany's largest power producer, RWE AG, has announced it is to construct 1.6 gigawatts of offshore wind capacity in the North Sea. It took the decision despite persistent supply-chain challenges. While demand for renewable energy is surging, soaring costs have halted some offshore wind projects in both the UK and the US. Building on the first project will start in 2025 and finish in 2026, the company said. It will start building the second wind farm in 2027, with operations beginning in 2029. Combined, the projects, known as the Nordseecluster, will consist of 104 wind turbines that produce ...
Euronews (English)
Governments have given the final rubber stamp to new rules on the functioning on the EU’s internal market for electricity, which aim to limit the dramatic price surges and windfall profits seen during the 2022 energy crisis. The pricing model used for spot sales of electricity meant power prices tracked the soaring cost of gas in the wake of Russia’s invasion of Ukraine, leading to high prices for end users and huge profits for electricity firms, especially for renewable wind, solar or hydro power where marginal costs are close to zero. Under a revised market regulation, the essential model re...
Euronews (English)
Europe is working at breakneck speed to achieve the 2030 climate goal to cut emissions by 55% and increase the share of renewable energy to as much as 45%. This week, in time for the second anniversary of REPowerEU, the European Commission published a package of guidelines to help EU countries identify where and how renewables will be deployed in support of the 2030 targets. The package, including detailed guidance for the designation of Renewable Acceleration Areas, as well as updated guidance on permitting and non-price criteria in auction design, comes at a critical time: Europe must go sma...
Euronews (English)
A new acronym in the climate space is getting its sea legs after the United Nations climate talks in Dubai last year, COP28. And if you, too, want to be a “champ” for climate action and policy, then this one’s for you. It’s called CHAMP, and it stands for the Coalition for High Ambition Multilevel Partnerships, with the primary focus on all things multilevel. It’s one of the easier acronyms to remember and reiterate in the climate vernacular. And it’s all about encouraging states to work with subnational governments to plan, finance, implement, and monitor climate strategies. This was a long o...
Euronews (English)
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