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Energy
Speed Up Green Transition to Break From Russian Fossil Fuels, Say 11 EU Countries
Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries. The invasion of Ukraine put a spotlight on Europe’s dependency on Russian fossil fuel, particularly gas,…
IEA: Global natural gas demand set to decline slightly in 2022
The world’s demand for natural gas is set to decline slightly in 2022. as a result of higher prices and market disruptions caused by war in Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in…
Renewables Take Lion’s Share of Global Power Additions in 2021
Renewable energy continued to expand steadily and well above the long-term trend, with share in total capacity expansion reaching a new record of 81 percent last year. New data released by the International Renewable Energy Agency (IRENA) shows that renewable…
Energy Security: Commission Hosts First Meeting of EU Energy Purchase Platform to Secure Supply of Gas, LNG and Hydrogen
In order to secure the EU’s energy supply at affordable prices in the current geopolitical context and to phase out dependency on Russian gas, the European Commission has established with the Member States an EU Platform for the common purchase…
EBRD and Donor-Funded Solar Plant Starts Operating in North Macedonia
The first large-scale solar plant in North Macedonia ‒ financed with the support of the European Bank for Reconstruction and Development (EBRD) and bilateral donors to the Western Balkans Investment Framework (WBIF) ‒ has been connected to the power grid…
WindEurope 2022 in Bilbao: helping Europe deliver energy security
The WindEurope annual event begins today in Bilbao. His Majesty the King of Spain will open it with the President of the Basque Government, Ministers from around Europe and top officials from the EU Commission. Over 8,000 people are taking…
IEA Member Countries Agree to New Emergency Oil Stock Release in Response to Market Turmoil
The International Energy Agency’s 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response to the market turmoil caused by conflict between Russia and Ukraine, underscoring their strong and unified commitment to stabilizing…