2021-05-20 13:50:00
EUROPE ENERGY TRANSITION FUND €17.5 BLN
ENERDATA - 20 May 2021 - The European Parliament has approved the EU's €17.5bn Just Transition Fund (JTF), which will combine funds from the EU’s budget and its COVID-19 recovery fund to support countries and communities affected by the planned closure of coal, peat and oil shale sectors. The JTF is expected to support a smooth transition from energy-intensive industries to low-carbon industries, as the European Union aims to cut its greenhouse gas (GHG) emissions by 2050. Funds will be dedicated to green investments, and not to the decommissioning of coal-fired or oil-fired power plants nor to the construction of nuclear power plants.
20% of the funds should be directed to Poland, which accounts for over half of the EU's coal sector employees, followed by Germany (13%) and Romania (11%), provided the coal mining regions submit climate-friendly plans; Poland, which has not committed to climate neutrality by 2050, should also receive half of the funds.
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Earlier:
2021, May, 19, 14:45:00
EUROPE'S GREEN ENERGY EUR1000 BLN
Foratom suggest the report can be a reference for policymakers when preparing national or regional low-carbon energy plans in the perspective of the EU Green Deal, that incorporates EUR1000 billion (USD1221 billion) of public and private investments planned to 2027.
2021, May, 5, 16:40:00
EUROPE HYDROGEN DEVELOPMENT
The EU has made green and digital the two pillars of its recovery plan, aiming to strengthen its leadership in the global fight against climate change, boost innovation and reduce dependence on imports of critical materials.
2021, April, 23, 11:30:00
EUROPEAN CLIMATE LAW
which enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas (GHG) emissions by at least 55% by 2030,
2021, April, 14, 12:05:00
EUROPE NEED €150 BLN PER YEAR
The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, but totalling around 800 billion euros at current prices,
2021, April, 14, 12:00:00
EUROPEAN WIND INVESTMENT $51 BLN
The investments financed 19.6 GW of capacity that will be constructed in the coming years. Around 13 GW of this will be in the EU.
2021, February, 25, 12:10:00
EUROPE'S CLIMATE STRATEGY
Economic losses from more frequent climate-related extreme weather are increasing. In the EU, these losses alone already average over €12 billion per year.
2021, February, 25, 11:40:00
EUROPE'S CLEAN ENERGY PARTNERSHIP EUR 10 BLN
The EU will provide nearly Eur10 billion of funding that the partners will match with at least an equivalent amount of investment, the EC said in a statement.
