EU Commission unveils ‘European Green Deal’ - Page 5 - Politics Forum.org | PoFo

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#15108289
@JohnRawls, economists do it all the time. That's why economists are incapable of understanding the real economy.

The examples of Germany and France are quite sufficient to prove my point about renewable energy. Theoretically it may be possible that a country investing so heavily in nuclear also invests in renewable, but in the real world it is quite unlikely.
#15108407
Atlantis wrote:@JohnRawls, economists do it all the time. That's why economists are incapable of understanding the real economy.

The examples of Germany and France are quite sufficient to prove my point about renewable energy. Theoretically it may be possible that a country investing so heavily in nuclear also invests in renewable, but in the real world it is quite unlikely.



This isn't something I can agree on, France are investing big sums in wind and solar.

When France was covering virtually all of it's electricity from low carbon nuclear then there was little incentive to build wind and solar. Now their Nuclear power stations are aging, becoming more expensive to maintain and they are struggling to replace them it's spurred on a change in attitude.
As an example France will at least triple it's offshore wind capacity in the next three years.

https://www.reuters.com/article/us-fran ... SKCN1PJ1T0

"France aims to boost electrical renewable energy capacity - including hydropower - from 48.6 gigawatt (GW) end 2017 to 74 GW in 2023 and 113 GW in 2028, mainly by boosting wind and solar.

Through regular tenders, onshore wind installed capacity will be more than doubled from 13.5 GW at the end of 2017 to about 25 GW in 2023 and about 35 GW in 2028. Offshore wind capacity will rise from zero today to 2.4 GW in 2023 and about 5 GW in 2028, while solar capacity is set to grow from 7.7 GW at the end of 2017 to 21 GW in 2023 and about 40 GW in 2028."
#15120644
The EU is already the leader in green technology and the fight against climate change. The Commission will shortly announce an even more ambitious goal of reducing green house gas emissions by 55% by 2030, instead of the 40% aimed for at present, to reach climate neutrality by 2050.

European Commission President Ursula von der Leyen announced plans on Wednesday (16 September) to target a 55% cut in greenhouse gas emissions by 2030 as part of a broader European Green Deal programme aimed at reaching “climate neutrality” by mid-century.

For us, the 2030 target is ambitious, it’s achievable and it is beneficial for Europe,” von der Leyen said as she unveiled the EU’s new climate proposals before the European Parliament in her first State of the Union address since she became Commission President in 2019.

“We can do it!” she said, borrowing a famous phrase used by German Chancellor Angela Merkel during the height of the 2015 migration crisis.

Our impact assessment clearly shows that our economy and industry can manage this,” she continued, saying EU countries have already managed to reduce emissions by 25% since 1990 while growing the economy by more than 60%.

The difference today, she said, is that Europe now has the technology, the expertise and the financial firepower necessary to make it happen, with a €1.8 trillion EU budget and recovery fund that was agreed by EU leaders in July for the years 2021-2027.

We are world leaders in green finance and we are the largest issuer of green bonds worldwide,” von der Leyen pointed out, announcing that 30% of the EU’s €750 billion recovery fund will be raised through green bonds.

“We have it all. Now it’s our responsibility to implement it and to make it happen,” she added, telling Parliamentarians: “This is our mission”.

The announcement on the EU’s new 2030 climate target was widely expected after reports emerged last week that the Commission President would announce them in her speech.

A leaked policy document, published by EURACTIV earlier this week, shows new measures at EU level will span every sector of the economy, ranging from agriculture to energy and transport. The proposal will be officially unveiled on Thursday (17 September) with a view to adopting the 55% target proposal before the end of the year.

Root-and-branch policy review

But meeting the 55% goal also represents “a significant investment challenge,” the Commission warns in the draft document, saying investments in clean energy will have to increase by “around €350 billion per year” in order to achieve the new 2030 objective.

And while many business groups are supportive of the new 55% emissions goal, others are more guarded about raising the bloc’s climate ambitions.

In July, a group of six Eastern EU countries wrote a letter to the Commission, calling on the EU executive to propose “realistic” climate goals that take into account “the real social, environmental and economic costs” of the transition.

Von der Leyen acknowledged those concerns, saying: “I recognise that this increase from 40 to 55 is too much for some and not enough for others. But our impact assessment clearly shows that our economy and industry can manage this,” she told MEPs.

Meeting this new target will reduce our energy import dependency, will create millions of extra jobs and more than halve air pollution,” von der Leyen argued, announcing a root-and-branch review of EU climate and energy legislation “by next summer” with a view to aligning EU laws with the new 55% goal.

This will include a revision of directives on renewables, energy efficiency, as well as a reform of the energy taxation directive and the bloc’s carbon market, the Emissions Trading Scheme.

“A new European Bauhaus”

But the European Green Deal involves much more than just cutting emissions, von der Leyen said. It’s also “a new cultural project for Europe,” she added, saying an upcoming EU “renovation wave” will focus on making buildings less wasteful, less expensive and more sustainable.

We know that the construction sector can even be turned from a carbon source into a carbon sink if organic materials like wood and smart technologies like AI are being used,” said the former German defence minister.

“We need to give our systemic change its own distinct aesthetics to match style with sustainability,” von der Leyen said, announcing the creation of “a new European Bauhaus” where architects, artists, students, engineers, designers, will work together to give the European Green Deal a distinctive look and feel.


EU chief announces 55% emissions reduction target for 2030
#15121030
Carbon border tax, here it comes.

IMF endorses EU plan to put a carbon price on imports

If major emitters do not agree to a minimum carbon price, IMF chief Kristalina Georgieva said the EU was right to impose tariffs on imports at the border

The International Monetary Fund (IMF) has endorsed an EU proposal to impose carbon levies on imports, if other major polluters do not sign up to a minimum carbon price.

EU Commission president Ursula von der Leyen has presented a carbon border tax as an important tool “to ensure that EU companies can compete on a level playing field” with big emitters such as China and the USA. This week von der Leyen announced that the EU would raise its emissions reduction target to at least 55% compared to 1990 levels – up from 40% currently – by 2030.

The main reason for introducing a carbon border tax is to prevent carbon-intensive production from relocating to countries with lower emissions standards, a problem known as “carbon leakage.

IMF president Kristalina Georgieva on Wednesday called on major emitters to cooperate and draw up a carbon pricing agreement. “The EU cannot stop global warming on its own. But it can bring the world together. A top priority should be an agreement on a carbon pricing floor among major emitting countries,” Georgieva said in a statement.

Georgieva said that in the absence of such an agreement, applying the same carbon price on the same products, irrespective of where they are produced, could help avoid carbon leakage and ensure fairness towards European businesses.

An EU climate mitigation policy published by the fund elaborated on the position: “A carbon border adjustment mechanism could complement the package to avoid an increase in emissions outside the EU due to higher carbon prices in the EU.”

Susanne Droege, senior fellow at the German Institute for International and Security Affairs, told Climate Home it was significant the IMF had publicly endorsed the EU’s plan to introduce a mechanism to avoid carbon leakage at the bloc’s border. “Carbon border tax is a potential option on how to implement that mechanism,” she said.

Harro van Asselt, professor of climate law and policy at the University of Eastern Finland, said several options remain open for how that carbon price could be applied.

“What seems most likely is that it will be in the form of a charge similar to the EU emissions trading system (ETS) allowance price for a limited set of sectors, for example cement and electricity, with importers being required to draw from a separate pool of allowances,” he said.

Russia’s economic development minister said in July that an EU carbon border tax would contravene World Trade Organisation (WTO) rules. China and the US have also clearly stated their opposition and asked the WTO to make the EU clarify its plans, according to Droege.

It is critical that the bloc’s efforts to design the policy go hand-in-hand with diplomatic efforts to reassure major trade partners. “Otherwise there is the real risk of retaliation,” said van Asselt. The EU learned the hard way when it tried to impose the ETS on international aviation in 2012 and was forced to limit the scope to intra-EU flights only following strong international and industry backlash.

Joe Biden has said that if he is elected US president in November, he may introduce a US carbon border tax “on carbon-intensive goods from countries that are failing to meet their climate and environmental obligations.


Biden hasn't been very outspoken on the climate so far. But this looks promising.
#15129115
Europe is on track to reach its goal of a 55% emissions reduction by 2030 and carbon neutrality by 2050. Europe will be the first continent to achieve these goals.

The European Union Is Projected To exceed Its Renewable Energy Targets For 2020

On the 14th of October, the European Commission released its long-awaited report regarding the ´State of the Energy Union´. This is the first time a report of such sorts was made after the confirmation of the European Green Deal, which serves as the legislative basis of the transition towards a greener European Union.

Executive Vice-President for the European Green Deal, Frans Timmermans, said in a press release: “The energy sector plays a crucial role in cutting emissions and delivering the European Green Deal. Today’s State of the Energy Union Report shows the progress we are making as well as challenges and opportunities ahead. The investments and reforms we put in place need to drive the green recovery and put us on the right track for becoming climate-neutral by 2050.”

Commissioner for Energy, Kadri Simson, said: “The National Energy and Climate Plans are an essential tool for our work with the Member States to plan the policies and investments for a green and just transition. Now is the time to turn these plans into reality and use them to lead us out of the Covid-19 crisis with new jobs and a more competitive Energy Union.”

The report shows that renewables in the European Union play an ever more important role and are expected to continue the trend in the following years. A global decrease in the costs of wind energy and solar energy helped boost the share of renewable energy in the 27 member states to 18.9%. The goal of 1/5th share of clean green energy is well within reach for the European Union.

To meet the European ambitious climate goals the report focuses on six technologies that will have to provide Europe’s households and industry with clean, renewable energy by 2030 and 2050. Batteries and smart grids, similar to those build in Australia by Elon Musk´s Tesla Motors company are set to play a key role next to Solar, offshore wind, ocean energy, and hydrogen.
#15130268
It's a good thing Europeans only use electricity on sunny and windy days and demand falls dramatically on calm nights.
#15138327
Europe is the leader in renewable energy, especially in wind energy. Japan has already followed the EU's lead of zero net emissions by 2050. The Biden administration is likely to follow. Off-shore wind energy will be the most important component in the future energy mix.

The potential for off-shore wind energy is virtually unlimited. Instead of transferring huge amounts of money to dodgy regimes to pay for fossil fuels, Europe will be able to use these resources to build domestic industries with high-wage jobs to consolidate its position as global leader in renewable technology.

EU unveils €800bn offshore renewables plan

The European Commission unveiled on Thursday (19 November) a strategy to tap into EU's maritime potential for developing renewable energy, which foresees a significant expansion of offshore wind farms and other emerging technologies.

Currently nearly one-third of all electricity consumed in the EU is originated from renewable sources. It is estimated that renewables will produce close to 60 percent of power by 2030 and more than 80 percent by 2050 to achieve the bloc's climate targets.

Offshore wind itself now represents about two percent of all the electricity consumed in Europe, but it is expected to supply one-third of the demand by 2050.

That is why the commission aims to massively increase the bloc's wind energy production offshore, reaching at least 60 gigawatts (GW) capacity by 2030 and 300 GW by 2050 - which represents a 25-fold increase from the bloc's current offshore wind capacity of 12 GW.

The strategy also calls for an additional 40 GW of ocean energies, mainly wave and tidal devices, and other emerging technologies such as floating wind and solar by 2050.

The commission notes that all Europe's seas, from the North Sea and the Baltic Sea to the Black Sea, from the Atlantic and the Mediterranean, including overseas territories, hold potential for renewable energy production.

The North Sea is currently the world's leading region for offshore wind, with Germany, the Netherlands and Denmark among the EU's leading offshore wind producers.

But EU countries have started to cooperate more closely to tap the potential of the Baltic Sea, whose region is showing an incipient appetite for offshore wind projects.

The Mediterranean and the Atlantic, meanwhile, are seen as promising sea basins for emerging innovations, such as floating offshore wind or wave and tidal energy technologies.

Massive investment
The EU executive estimates that nearly €800bn of public and private capital are needed by 2050 to build new wind farms at sea, invest in emerging technologies and coordinate countries' power grids.

Annual investments in onshore and offshore grids in Europe need to increase to above €60bn in the coming decade and then increase further after 2030, the commission outlines in its plans.

The bloc's energy legislation will also be revised to attract further private investment, but Brussels will also propose better rules to facilitate the connection of offshore wind farms to more than one country.

Nevertheless, commission vice-president Frans Timmermans already encouraged member states to use EU funds from the recovery package to support investments in offshore energy because it is "a win-win for the environment and the economy".

"Accelerating offshore wind deployment will contribute to Europe's economic recovery. The EU could get up to 141,000 jobs from offshore wind by 2030, up from 62,000 today" Ivan Pineda from the association WindEurope told EUobserver.

Seals and porpoises?
Meanwhile, the commission said that the expansion of the EU's offshore energy capacity will require less than three percent of the European maritime space, but there are still concerns over the potential negative impact of this strategy on some habitats and species.

Green groups warned that the construction of wind farms turbines could lead to the loss of maritime mammals, birds and fishes, who are sensitive to noise and rely on their senses to search for food or refugee.

Previous studies focused on the monitoring of seals and harbour porpoises at wind farms in Denmark showed that pile-driving temporarily expelled animals from the windfarm areas.

"We need clean energy just as much as we need healthy seas," said Sergiy Moroz from the European Environmental Bureau.
#15138346
Atlantis wrote:EU Commission charts path towards 100% renewable hydrogen




Airbus ponders hydrogen’s flying future


These news are the most promising to come out of the EU in a long time. I do not think people yet grasp the importance of hydrogen and how important it will become to lead in this technology. My prediction is that eventually hydrogen will become the only commercial source of energy.
#15138400
noemon wrote:These news are the most promising to come out of the EU in a long time. I do not think people yet grasp the importance of hydrogen and how important it will become to lead in this technology. My prediction is that eventually hydrogen will become the only commercial source of energy.


Well it depends if it will be economically viable or better than other sources.
#15138413
My prediction is that electric batteries will never replace combustion engines in a significant way(.ie beyond the critical mass territory). Combustion engines will in the short & medium term become very efficient hybrids and in the long term their fuel will be hydrogen only.
#15138507
noemon wrote:These news are the most promising to come out of the EU in a long time. I do not think people yet grasp the importance of hydrogen and how important it will become to lead in this technology. My prediction is that eventually hydrogen will become the only commercial source of energy.


It's important to pursue different technologies because nobody knows which technology will win in the end.

Green Flamingo: Portugal hopes to export green hydrogen to EU


Thanks to Portugal's high sun exposure, the nation has the potential to produce green hydrogen for Europe. The EU-backed Green Flamingo initiative may enable it to ship the green gas from the port of Sines to Rotterdam.

...

Flamingo, dragon and octopus
The European Union is supporting the project. Green Flamingo is one of several initiatives aimed at helping Brussels meet its new climate protection and energy safety objectives. The bloc's hydrogen strategy as presented in July of this year involves creating an additional electrolysis capacity of 40,000 megawatts by 2030. Several projects are named after a color and an animal.

Besides Green Flamingo, there's also Black Horse, White Dragon and Green Octopus. The European Commission has declared these initiatives Important Projects of Common European Interest (ICPEIs).

When it comes to importing green hydrogen, countries such as Germany have traditionally set their eyes on northern Africa. According to Christoph Hebling from the Fraunhofer Institute for Solar Energy Systems (ISE), that's an important option, but another one would be "to consider Portugal and Spain because of their attractive solar irradiance conditions," he told DW.

Solar power for a song
Portugal can be credited for its low prices. A photovoltaic (PV) capacity auction in the summer registered a final price of 1.1 eurocents per KWh, showing the most favorable result across the whole of Europe. Such a low price level wouldn't be required at all, though, given current electricity prices of around 4 cents per kWh.

"With a solar power price of 1 cent per kWh, electricity producers hardly earn any money," Rechter told DW. "Instead, they're putting pressure on suppliers and researchers — that's unhealthy because we need to set up our own green-hydrogen and PV industry in Europe so as not to be completely dependent on supplies from China and other [non-EU] nations."

At the moment, a solar power price between 2 and 3 cents per kWh would make this possible, according to Rechter, who adds that a price between 1 and 2 cents per kWh will be economically feasible by 2030.

...


Solar energy is already cheaper than energy from fossil fuels; however, the greatest potential for renewable energy is in off-shore wind farms. The potential for floating off-shore wind turbines is virtually unlimited.

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