EU sets new standard with 75% CO2-free electricity in 2024, data shows
Industry data revealed on Monday that 75% of the European Union’s electricity in the first half of this year came from CO2 emissions-free sources, marking the bloc’s most environmentally friendly power blend yet.
According to Eurelectric, renewable sources such as wind and solar contributed 50%, while nuclear power accounted for 24%.
“The electricity generation of Europe has never had such a low-carbon profile before,” Eurelectric Secretary General Kristian Ruby told Reuters.
Also read: EU proposes a framework to resolve funding disputes in large-scale green energy projects
Europe’s energy landscape is shifting primarily due to the rapid expansion of renewable energy capacity. In 2023 alone, the EU added a record-breaking 56 gigawatts of solar power and 16 gigawatts of wind power, marking significant milestones in renewable energy deployment.
Simultaneously, Europe’s overall electricity demand has decreased, facilitating a larger contribution from green sources in the energy mix.
In the first half of this year, EU power demand dropped by 5.8% compared to the same period in 2021, reflecting broader trends towards energy efficiency and economic factors.
These developments underscore Europe’s progress towards sustainability goals, driven by both renewable energy growth and reduced energy consumption.
CalPERS allocates nearly $10 billion to climate action...
-
The California Public Employees’ Retir...
- 05/07/2024
Eco-gamers launch online video game to target asset...
-
A team of eco-gamers known as Serious Pe...
- 01/07/2024
EU regulators push for revisions in landmark ESG...
-
Regulators overseeing the markets, banki...
- 19/06/2024
Related News
ERM, a sustainability consultancy company, announced that it has commenced offshore trials to test the key elements of its Dolphyn Hydrogen process. The trials mark […]
European Energy announced that it had acquired grid connection approvals for nearly 500 megawatts (MW) of solar and wind energy projects across Romania. The approvals […]
In its second-quarter update, Shell announced that it would incur an impairment charge of up to $2 billion following the sale of its Singapore refinery […]
The California Public Employees’ Retirement System (CalPERS) announced a commitment of almost $10 billion to advancing global efforts to transition to a low-carbon economy. This […]
The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It aims to help foster a transition […]
ENGIE announced that it signed a 7-year Biotmethane Purchase Agreement (BPA) with BASF. According to the agreement, ENGIE will supply the chemicals company with 2.7 […]