EU Surges to 47% Renewable Energy Amidst Global Shift from Fossil Fuels

January 23, 2025
EU Surges to 47% Renewable Energy Amidst Global Shift from Fossil Fuels
  • Wind energy also made strides, generating 17% of the EU's electricity and surpassing gas, which accounted for 16%, for the second consecutive year.

  • The European Green Deal, introduced in 2019, aims for a 55% reduction in emissions by 2030 and climate neutrality by 2050, driving the EU's transition to renewable energy.

  • The ongoing conflict in Ukraine has accelerated this shift, as soaring gas prices have compelled EU nations to seek cheaper and cleaner energy alternatives.

  • The abundance of solar energy in 2024 resulted in lower midday prices and instances of 'negative pricing,' where electricity was sold below zero due to excess supply.

  • This surplus presents opportunities for consumers to adjust their energy usage during peak solar production, potentially lowering their electricity bills.

  • In 2024, solar energy accounted for 11% of the EU's electricity generation, while coal fell below 10% for the first time, marking a significant shift in the energy landscape.

  • Battery development has also advanced significantly, with installed capacity doubling to 16 GW in 2023, although 70% of this capacity is concentrated in Germany and Italy.

  • Experts emphasize the need for increased flexibility in the European electricity system to manage the intermittency of renewable energy sources.

  • EU leaders, including chief Ursula von der Leyen, reaffirmed their commitment to climate leadership and international cooperation to combat climate change.

  • Despite these advancements, fossil fuels still accounted for 27% of the EU's electricity in 2024, highlighting the need for continued political action to sustain growth in renewables.

  • The EU has successfully reduced its emissions by 7.5% from 2022 to 2023, maintaining a leading role in climate action compared to other wealthy nations.

  • Electricity sector emissions have now halved compared to their peak in 2007, reflecting the broader trends towards sustainability across Europe.

Summary based on 14 sources


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