EU's Green Push: Renewable Energy Surges, Russian Gas Imports Plummet as Zero-Emission Goals Near

September 13, 2024
EU's Green Push: Renewable Energy Surges, Russian Gas Imports Plummet as Zero-Emission Goals Near
  • Since 2020, new buildings in the EU are required to meet 'nearly zero energy' standards, transitioning to 'zero-emission buildings' standards by 2028 and 2030 for public and all new buildings, respectively.

  • Achieving zero-emission buildings relies on efficient renewable energy systems, such as solar generators with hydrogen storage, though these face challenges like high costs and low efficiency.

  • Techno-economic analyses suggest that hydrogen fuel could become more cost-effective than natural gas by 2030, driven by advancements in electrolyzer technology.

  • As technology improves, the costs of electrolyzers and fuel cells are expected to decline, while efforts to enhance hydrogen efficiency continue.

  • In the first half of 2024, significant progress was made in renewable energy, with half of the EU's electricity production coming from renewable sources.

  • The share of Russian gas in EU imports has dramatically decreased from 45% in 2021 to 18% by June 2024, while imports from reliable partners like Norway and the USA have increased.

  • The 2024 State of the Energy Union report indicates that the EU has successfully mitigated critical risks to its energy supply security and regained control over energy markets and prices.

  • To meet climate and energy goals for 2030, the EU has established a regulatory and financial framework that promotes economic growth and competitiveness.

  • The European Green Deal, along with initiatives like the REPowerEU plan introduced in May 2022, aims to significantly reduce greenhouse gas emissions and energy use in buildings.

  • In 2021, the building sector was responsible for 35% of the EU's energy-related greenhouse gas emissions, primarily due to fossil fuel consumption and electricity use.

  • The report emphasizes the urgency for all EU countries to submit updated National Energy and Climate Plans (NECPs) to collectively achieve energy and climate objectives for 2030.

  • Despite notable advancements, the report highlights the need for enhanced energy efficiency efforts to meet the target of an 11.7% reduction in final energy consumption by 2030.

Summary based on 2 sources


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