Since the European Emissions Trading System (ETS) was established in 2005, CO2 emissions in the sectors covered by the ETS have fallen by almost 30% – a decrease that far exceeds the EU-wide target of 21%.Find out more
The North Seas countries agree that offshore wind power is key to reaching carbon neutrality. That is why they are calling for a European policy framework to improve cooperation on the use of offshore wind energy.Find out more
A precision landing for climate efforts: the European Emissions Trading System has a reputation for reliable results when it comes to reducing emissions in the long term. Find out here why it acts both as an incentive and as an insurance guarantee.Find out more
According to the report, electricity generation from renewables has risen 'impressively' over the past five years. However, the report also shows that too little is being done in the heating, cooling and transport sectors: 'Overall, global hunger for energy keeps increasing and eats up progress. The journey towards climate disaster continues, unless we make an immediate switch to efficient and renewable energy in all sectors in the wake of the COVID-19 pandemic,' the paper says. What the world needs, it is argued, is a full fossil lockdown. The Renewables 2020 Global Status Report (GSR) is authored by a global community of around 350 experts (REN 21) from academia and research, governments, NGOs and all industries related to renewable energy. It is considered to be the world’s most comprehensive report on renewable energy.
In June 2020, the International Energy Agency published the World Energy Outlook Special Report on Sustainable Recovery, which addresses the impact of the coronavirus pandemic. It proposes a plan for the years 2021 to 2023 which makes recommendations on how the thirty IEA member states can revive their economies by promoting clean and sustainable energy technologies. The report was developed in cooperation with the International Monetary Fund. During the presentation of the report, IEA Director Fatih Birol said the COVID-19 pandemic was a 'a once-in-a-lifetime opportunity to reboot their economies and bring a wave of new employment opportunities while accelerating the shift to a more resilient and cleaner energy future'. Over the coming three years, member states are encouraged to invest a total of $3 trillion from public and private sources in power lines, building modernisation measures and renewable energy. A third of the sum is to be invested in energy efficiency measures for the transport, buildings and industrial sectors.