In February 2024, the European Commission presented its assessment for a 2040 climate target for the EU. The Commission recommended reducing the EU’s net greenhouse gas emissions by 90% by 2040 relative to 1990.
To mark the successful conclusion of COP28, we are sending you the following quote from German Environment Minister Steffi Lemke:
The Government of the Federal Republic of Germany, represented by the Federal Ministry for Economic Affairs and Climate Action (BMWK), and the United Nations Industrial Development Organization (UNIDO) today announced two global initiatives that will enable more developing countries to transform their heavy industries to climate neutrality by 2050.
Ministers and high-level state representatives from six countries discussed today barriers and opportunities for enhancing political leadership and implementation of at-scale nature-based solutions ahead of the conclusion of the first Global Stocktake (GST) at COP28.
The European Commission has presented a European Wind Power Action Plan yesterday to ensure that the clean energy transition goes hand-in-hand with industrial competitiveness and that wind power continues to be a European success story.
The Bureau of Ocean Energy Management (BOEM) announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.
GORIO is one of the projects selected and supported by CEF Energy under the call for preparatory studies for cross-border renewable energy (CB RES) projects launched in 2021.
The CEF Energy support will co-fund the preparatory studies that will help to assess the feasibility of a potential offshore wind farm of a capacity of approx. 300 MW in the Northern Adriatic coastal zone near Croatia and Italy.
Both sides reiterate their commitment to their respective 2030 targets of at least 55% greenhouse gas emission reductions compared to 1990, and to achieving climate neutrality at the latest by 2050.
The proposed reform foresees revisions to several pieces of EU legislation – notably the Electricity Regulation, the Electricity Directive, and the REMIT Regulation.
The Green Deal Industrial Plan will enhance the competitiveness of Europe's net-zero industry and support the fast transition to climate neutrality.
In the current crisis of high and volatile electricity prices, the economic burden has been pushed on to final consumers. A reform of the electricity market design is therefore needed to better shield households and businesses from high energy prices.
Nature conservation must be worthwhile for indigenous and local communities and give them development opportunities. At COP15, Germany has been advocating for this in the negotiations.
The ENACT initiative, which will coordinate global efforts to address climate change, land and ecosystem degradation, and biodiversity loss through Nature-based Solutions (NbS), was launched today as part of the COP Presidency's official programme.
California sale opens new opportunities for U.S. floating offshore wind
To ease the increased pressure this puts on European households and businesses, the Commission is now taking a next step in tackling this issue by proposing exceptional electricity demand reduction measures.
The Commission's assessment finds that the Netherlands' plan devotes 48% of its total allocation on measures that support climate objectives. The Dutch plan includes investments that are expected to make a significant contribution to the decarbonisation and energy transition like offshore wind energy.
There is a double urgency to transform Europe's energy system: ending the EU's dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European taxpayers nearly €100 billion per year, and tackling the climate crisis.
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