Natural disasters in 2023.
In recent years, insured losses from natural catastrophes have increased more than the economy. The insurance market requires premiums to be commensurate with the underlying risk, but higher rates won’t be enough. The first step in reducing losses is to reduce the potential for losses through adaptation measures. But, in the face of climate change, […]
Action Plan of the Alliance for the European Solar Industry.
Despite widespread recognition that the European PV sector is strategic for Europe, 2023 has been a very challenging year for the European industry. The collapse of PV module prices, the accumulation of module stocks, high electricity prices and the apparent lack of commitment to urgently support European industry has had a major impact on investor […]
Statement by Energy Commissioner Kadri Simson.
On March 31, our gas reserves were more than 58% full. The high level of gas storage in Europe means that markets are becoming more stable and prices have returned around pre-war levels, and Europe can confidently start stocking up for next winter’s heating. We can be proud of how the EU has managed the […]
European Solar Chart.
Solar energy is currently the fastest-growing renewable energy source. Last year, 56 GW of solar PV was installed in the EU, two-thirds of it on rooftops, empowering consumers and protecting them from high prices. The installations carried out in 2022 and 2023 saved the total equivalent of 15,000 million m3 of gas imports, mitigating the […]
The circular economy in Europe.
The circular economy goes beyond waste management: it’s about keeping the value of materials high and making them last longer in their intended use. It also seeks to design material that is not unnecessary. This requires new business models and a transition from ownership models to service-based solutions, which is why a full suite of […]
Global report on renewable energy.
In 2023, renewable energy globally was on the road to recovery, in the face of persistent challenges and disparities between technologies. The energy crisis of the previous year continued to subside, while there was a notable boom in solar PV and an increase in energy investments. Capacity increased by approximately 36% in 2023 to reach […]
State of the Global Climate 2023.
Changes in the physical climate can have cascading consequences on impacts on national development and progress towards Sustainable Development goals. For example, changes in ocean acidity or temperature can affect marine life. On the other hand, climate science has a critical role to play in facilitating sustainable development as demonstrated by the 2023 United in […]
Climate policy priorities for the next European Commission
The EU adopted an agenda that is having profound impacts on the EU’s economy and society. Much has changed in the world since the European Green Deal and the “Fit for 55” packages were conceived, including a dramatic increase in industrial policy actions by Europe’s trading partners, a deteriorating geopolitical landscape, and an energy crisis […]
Follow-up to COP 28 outcomes.
COP28 was a watershed moment for the energy transition. The historic decision to move away from fossil fuels, triple renewable energy and double energy efficiency by 2030 provides the only means available to align with a 1.5°C trajectory, which IRENA has long advocated in its reports, and while it represents an important step forward, the […]
The European Union’s 2040 climate target. European Comission.
A historically high acceleration of climate disruptions in 2023 coincided with global warming reaching 1.48°C above pre-industrial levels for the first time. It is more evident than ever that achieving a stable climate and safeguarding a livable planet for current and future generations means reducing global greenhouse gas (GHG) emissions dramatically and rapidly.
