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	<title>European Union Archives &#8226; The Electricity Hub</title>
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	<title>European Union Archives &#8226; The Electricity Hub</title>
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	<item>
		<title>West Africa Secures €100 Million Investment for Renewable Energy  </title>
		<link>https://theelectricityhub.com/west-africa-secures-e100-million-investment-for-renewable-energy/</link>
					<comments>https://theelectricityhub.com/west-africa-secures-e100-million-investment-for-renewable-energy/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Sun, 02 Mar 2025 12:21:59 +0000</pubDate>
				<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[ECOWAS Bank for Investment and Development]]></category>
		<category><![CDATA[European Investment Bank]]></category>
		<category><![CDATA[European Union]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=100395</guid>

					<description><![CDATA[<p>West Africa has secured a €100 million investment to boost renewable energy development, marking a significant milestone in the region’s push for sustainable growth and climate resilience. The funding, a&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/west-africa-secures-e100-million-investment-for-renewable-energy/">West Africa Secures €100 Million Investment for Renewable Energy  </a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>West Africa has secured a €100 million investment to boost renewable energy development, marking a significant milestone in the region’s push for sustainable growth.</li>



<li>This investment, part of a broader €150 million financial commitment, will focus on expanding access to solar, hydro, and other renewable energy sources.</li>
</ul>



<p>West Africa has secured a €100 million investment to boost <a href="https://theelectricityhub.com/?s=renewable+energy+">renewable energy </a>development, marking a significant milestone in the region’s push for sustainable growth and climate resilience.</p>



<p>The funding, a collaboration between the ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB), with support from the European Union (EU), aims to bridge the financing gap for clean energy projects.</p>



<p>This investment, part of a broader €150 million financial commitment, will focus on expanding access to solar, hydro, and other renewable energy sources.</p>



<p>It is also expected to strengthen West Africa’s energy infrastructure, stimulate economic growth, and reduce carbon emissions.</p>



<p>The initiative aligns with ECOWAS’s Vision 2050, prioritising regional integration, private sector development, and environmental sustainability.</p>



<p>Mory Soumahoro, vice president in charge of Risk and Control at EBID, emphasised the importance of the partnership, describing it as a vital step toward addressing the region’s development challenges.</p>



<p>He noted that the funding will provide ECOWAS member states with the financial resources needed to achieve sustainable growth. The renewable energy projects under this initiative will focus on increasing access to electricity, mainly through solar photovoltaics and hydroelectric power.</p>



<p>“This commitment to cleaner energy will play a key role in the region’s energy transition, providing millions with reliable and sustainable power sources,&#8221; he said.</p>



<p>Ambroise Fayolle, Vice-President of the EIB, highlighted the significance of this investment, stating that it will contribute to economic development, climate action, and environmental sustainability in the ECOWAS region.</p>



<p>“It fills a significant financing gap and directly contributes to improving living conditions,” he added.</p>



<p>Fayolle also said that the EIB would provide technical assistance to local stakeholders to strengthen their ability to implement climate-focused projects.</p>



<p>This includes financial engineering training and consulting, ensuring that investments are effectively managed for long-term impact.</p>



<p>“The partnership also seeks to tackle Africa’s energy access issues, with over half a billion people still lacking electricity,” he stated.</p>



<p>The EU has pledged an additional €300 million to accelerate clean energy projects, underscoring its commitment to helping communities transition to sustainable energy solutions.</p>



<p>Jozef Síkela, European Commissioner for International Partnerships, emphasised the urgency of this initiative, stating that it aims to empower communities to build a greener and more prosperous future.</p>



<p>He said, “This €100 million investment signals a turning point in West Africa’s development trajectory, demonstrating a stronger and more coordinated effort to combat environmental challenges.&#8221;</p>



<p>“With continued investment, technical support, and a clear <a href="https://businessday.ng/news/article/west-africa-secures-e100-million-investment-for-renewable-energy/">commitment</a> to sustainable growth, this partnership serves as a model for future collaborations focused on both economic progress and climate resilience across Africa,” he noted.</p>



<p></p>
<p>The post <a href="https://theelectricityhub.com/west-africa-secures-e100-million-investment-for-renewable-energy/">West Africa Secures €100 Million Investment for Renewable Energy  </a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<item>
		<title>India, EU to Partner in Green Hydrogen and Offshore Wind Power</title>
		<link>https://theelectricityhub.com/india-eu-to-partner-in-green-hydrogen-and-offshore-wind-power/</link>
					<comments>https://theelectricityhub.com/india-eu-to-partner-in-green-hydrogen-and-offshore-wind-power/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Fri, 28 Feb 2025 14:48:58 +0000</pubDate>
				<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[Green Hydrogen]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Wind]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=100370</guid>

					<description><![CDATA[<p>India and the European Union have decided to enhance the dialogue on clean and green energy between governments as well as industry and to jointly explore opportunities in green hydrogen,&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/india-eu-to-partner-in-green-hydrogen-and-offshore-wind-power/">India, EU to Partner in Green Hydrogen and Offshore Wind Power</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>India and the European Union have decided to enhance the dialogue on clean and green energy between governments as well as industry.</li>



<li>In his address, the Prime Minister pointed out “some priority areas of cooperation” between the two sides, which include Climate Action and Green Energy Innovation.</li>
</ul>



<p>India and the European Union have decided to enhance the dialogue on clean and green energy between governments as well as industry and to jointly explore opportunities in <a href="https://theelectricityhub.com/?s=green+hydrogen">green hydrogen</a>, and offshore wind power.</p>



<p>Prime Minister Narendra Modi and European Commission President Ursula von der Leyen also issued a joint statement. Both sides agreed to enhance dialogue on clean and green energy between governments and industry with a focus on green hydrogen.</p>



<p>“Further expand and deepen cooperation under India-EU partnerships in areas of connectivity, clean energy and climate, water, smart and sustainable urbanisation, and disaster management as well as work to intensify cooperation in specific areas such as clean hydrogen, offshore wind, solar energy, sustainable urban mobility, aviation, and railways,” the Joint Statement said.</p>



<p>In this context, they welcomed the agreement on holding an India-EU Green Hydrogen Forum and the India-EU Business Summit on Offshore Wind Energy, it added.</p>



<p>Prime Minister Modi emphasised that a balance between ecology and economy has been a shared commitment, and cooperation in this direction has been strong.</p>



<p>“We have decided to conduct a Green Hydrogen Forum and Offshore Wind Energy Business Summit. Joint research shall be undertaken on EV Batteries, Marine plastics and Green hydrogen. We shall also take forward our Joint Plan on Sustainable Urban Development,” he said in a statement.</p>



<p>In his address, the Prime Minister pointed out “some priority areas of cooperation” between the two sides, which include Climate Action and Green Energy Innovation.</p>



<p>“India and the EU have prioritised the green transition. Through <a href="https://www.thehindubusinessline.com/economy/india-eu-to-jointly-explore-opportunities-in-green-hydrogen-off-shore-wind-power/article69275360.ece">cooperation</a> in sustainable urbanisation, water and clean energy, we can become drivers of global green growth,” he added.</p>
<p>The post <a href="https://theelectricityhub.com/india-eu-to-partner-in-green-hydrogen-and-offshore-wind-power/">India, EU to Partner in Green Hydrogen and Offshore Wind Power</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<item>
		<title>EU and Germany Launch GET.invest Initiative to Accelerate Renewable Energy Financing in Nigeria</title>
		<link>https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/</link>
					<comments>https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Wed, 12 Feb 2025 12:22:47 +0000</pubDate>
				<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[electricity access]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[GET.Invest]]></category>
		<category><![CDATA[Nigeria]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=99887</guid>

					<description><![CDATA[<p>The European Union (EU) and Germany have launched the GET.invest Nigeria Country Window initiative in Lagos State as part of efforts to address Nigeria’s electricity access challenges, particularly in rural&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/">EU and Germany Launch GET.invest Initiative to Accelerate Renewable Energy Financing in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>The European Union (EU) and Germany have launched the GET.invest Nigeria Country Window initiative in Lagos State as part of efforts to address Nigeria’s electricity access challenges.</li>



<li>The initiative is set to accelerate investments that will enhance energy security, drive economic growth and improve the quality of life for millions of Nigerians.</li>
</ul>



<p>The European Union (EU) and Germany have launched the GET.invest Nigeria Country Window initiative in Lagos State as part of efforts to address Nigeria’s electricity access challenges, particularly in rural areas.</p>



<p>GET.invest is a European programme which supports investments in decentralised <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. The programme targets private sector businesses and project developers, financiers and regulators to build sustainable energy markets in partner countries.</p>



<p>“Through GET.invest Nigeria, we aim to facilitate access to finance for renewable energy projects that will benefit businesses and communities across the country.”</p>



<p>In representation of the Nigerian Federal Ministry of Power, Permanent Secretary Temitope Dina emphasised Nigeria’s commitment to a brighter and more sustainable future, signalling the arrival of GET.invest Nigeria at a critical time in the nation’s journey toward achieving sustainable development.</p>



<p>She said, “With the right investments, policies and technologies, we can create a cleaner, greener and more resilient energy system. This transformation is not just a goal; it is necessary to ensure <a href="https://theelectricityhub.com/?s=energy+access">energy access</a> for all Nigerians, reduce our dependence on fossil fuels, and enhance our environmental stewardship.”</p>



<p>The Speaker of the House of Representatives, Tajudeen Abbas called on investors “to see the launch as an opportunity to invest wisely and strategically, because the return on investment promises to be very high.” He added that “GET.invest Nigeria is our answer to some of the country’s challenges. It is also part of our commitment to innovation, sustainability, and resilience.”</p>



<p>In his remarks, Consul General at the German Consulate General in Lagos, Weert Börner, highlighted Germany’s commitment. “<a href="https://theelectricityhub.com/?s=Germany">Germany</a> is proud to co-fund GET.invest Nigeria as part of our broader partnership with Nigeria in fostering sustainable economic development. By supporting private sector investment in renewable energy, we aim to strengthen Nigeria’s clean energy ecosystem and contribute to long-term economic growth. We look forward to seeing this initiative help unlock new opportunities for businesses and communities alike,” he said.</p>



<p>GET.invest Nigeria Coordinator, Lawrence Efanga Edeke, while underscoring the role of the New Country Window in driving energy investment, noted that GET.invest Nigeria is not a silver bullet, but it is an essential part of the solution to scaling up investments in the renewable energy sector.</p>



<p>He said, “By working closely with project developers, financiers and policymakers, we aim to mobilise the level of investment required to meet Nigeria’s ambitious energy and climate commitments, ultimately fostering a sustainable and inclusive energy transition.”</p>



<p>Through the initiative, GET.invest Nigeria will also provide market intelligence, industry mobilisation and capacity development support to local stakeholders, equipping them with the tools needed to expand clean energy solutions across the country. Also, the initiative is set to accelerate investments that will enhance energy security, drive economic growth and improve the quality of life for millions of Nigerians.</p>



<p>Together with its donors—the European Union, Germany, Norway, the Netherlands, Sweden and Austria—GET.invest has established a series of <a href="https://www.msn.com/en-xl/money/general/eu-germany-unveil-get-invest-initiative-to-boost-renewable-energy-financing-in-nigeria/ar-AA1ySUaW?ocid=BingNewsVerp">country windows</a> that allow the programme to focus on selected national sustainable energy markets.</p>
<p>The post <a href="https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/">EU and Germany Launch GET.invest Initiative to Accelerate Renewable Energy Financing in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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			</item>
		<item>
		<title>Major Polluters Miss U.N. Climate Target Deadline</title>
		<link>https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/</link>
					<comments>https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Tue, 11 Feb 2025 09:10:38 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Clean Energy]]></category>
		<category><![CDATA[Climate Action]]></category>
		<category><![CDATA[climate change]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Paris Agreement]]></category>
		<category><![CDATA[Trump]]></category>
		<category><![CDATA[United Nations]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=99826</guid>

					<description><![CDATA[<p>Several of the world’s largest polluters failed to meet a key U.N. deadline to submit updated climate targets, raising concerns about global climate efforts. Nearly 200 countries under the Paris&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/">Major Polluters Miss U.N. Climate Target Deadline</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Major polluting nations, including China, India, and the EU, missed the U.N. deadline to submit updated climate targets under the Paris Agreement.</li>



<li class="">Despite global warming reaching 1.5°C for the first time in 2023, many countries have delayed action, raising concerns about achieving climate goals.</li>



<li class="">U.S. President Donald Trump’s rollback of Biden-era climate policies and delayed plans from other key nations further hinder global efforts to curb emissions.</li>
</ul>



<p class="">Several of the world’s largest polluters failed to meet a key U.N. deadline to submit updated climate targets, raising concerns about global climate efforts. Nearly 200 countries under the <a href="https://www.reuters.com/business/environment/most-countries-miss-un-deadline-new-climate-targets-2025-02-10/">Paris Agreement</a> needed to present plans to cut <a href="https://theelectricityhub.com/?s=emissions">emissions</a> by 2035, but major economies like China, India, and the European Union did not meet the deadline of Monday, February 10.</p>



<p class="">The 2015 Paris Climate Accord aims to limit global warming to 1.5 degrees Celsius above pre-industrial levels. In 2023, global temperatures reached that threshold for an entire year, marking the first time. Despite this, countries have made slow progress toward meeting the accord&#8217;s goals.</p>



<p class="">“The public expects strong action, especially now that global warming has hit 1.5 degrees Celsius for an entire year,” said Bill Hare, CEO of Climate Analytics. “Yet, governments have delivered little of real substance.”</p>



<p class="">Some countries, including the U.S., Britain, Brazil, Japan, and Canada, delivered new climate plans. However, U.S. President Donald Trump, who recently pulled the U.S. out of the Paris Agreement, plans to roll back Biden-era climate policies. Trump also paused federal clean energy investments, signalling a shift from previous commitments.</p>



<p class="">U.N. climate chief Simon Stiell acknowledged the missed deadline but expressed optimism, explaining that many countries continue working on their plans. “Nations take this seriously, especially with $2 trillion invested globally in <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> last year,” Stiell said. “Taking a bit more time to finalise these plans makes sense.”</p>



<p class="">However, delays have raised concerns that climate action may lose momentum, notably after Trump reversed the U.S. climate policy stance. European Union climate chief Wopke Hoekstra explained that the bloc’s policymaking cycle did not align with the U.N. deadline but promised the EU’s plan would be ready for the COP30 summit in November.</p>



<p class="">According to a government official, India, the world’s third-largest carbon emitter, has not completed the studies needed for its climate plan. China, the top emitter, stated it would release its plan “in due course.” Other major polluters, including Indonesia, Iran, Russia, and South Africa, have also failed to submit targets, offering no clear timeline for completion.</p>



<p class="">Delays from these key nations set back global efforts to keep warming within safe limits. Experts warn that without more substantial commitments, the goal of preventing catastrophic <a href="https://theelectricityhub.com/?s=climate+impacts">climate impacts</a> remains at risk.</p>



<p class="">In 2023, the world’s first breach of the 1.5-degree threshold signalled the urgent need for drastic emissions cuts. Despite the $2 trillion invested in clean energy last year, progress remains slow, with major polluting nations trailing behind. The missed U.N. deadline adds to growing concerns that political priorities have shifted away from urgent <a href="https://theelectricityhub.com/?s=climate+action">climate action</a>.</p>
<p>The post <a href="https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/">Major Polluters Miss U.N. Climate Target Deadline</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<item>
		<title>EU’s Tough Emissions Rules Threaten Car Makers</title>
		<link>https://theelectricityhub.com/eus-tough-emissions-rules-threaten-car-makers/</link>
					<comments>https://theelectricityhub.com/eus-tough-emissions-rules-threaten-car-makers/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Wed, 06 Nov 2024 08:56:25 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Sustainable Transport]]></category>
		<category><![CDATA[Car makers]]></category>
		<category><![CDATA[Electric Vehicle]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[green vehicles]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=95979</guid>

					<description><![CDATA[<p>The European Union is tightening CO2 emissions regulations for the automotive industry, setting the stage for massive penalties if manufacturers fail to comply. Starting January 2025, automakers must limit CO2&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/eus-tough-emissions-rules-threaten-car-makers/">EU’s Tough Emissions Rules Threaten Car Makers</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">European car makers must meet stricter CO2 emissions targets starting in January 2025 or face penalties of&nbsp;up to 50 billion euros by 2029.&nbsp;</li>



<li class="">Manufacturers like Renault and Volkswagen may have to cut production of combustion-engine vehicles or lower prices to stay competitive, especially with rising Chinese market share.&nbsp;</li>



<li class="">The transition to electric vehicles poses significant challenges, with high investment costs and pressure to balance profitability while meeting emissions regulations.</li>
</ul>



<p class="">The <a href="https://energynews.pro/en/co2-european-car-manufacturers-face-imminent-climate-sanctions/">European Union</a> is tightening <a href="https://theelectricityhub.com/?s=CO2+emissions">CO2 emissions</a> regulations for the automotive industry, setting the stage for massive penalties if manufacturers fail to comply. Starting January 2025, automakers must limit CO2 emissions to 93.6 grams per kilometre on average across European sales. This target presents a significant challenge for a sector that has struggled with previous limits.</p>



<p class="">European carmakers like Renault and Volkswagen face tough decisions. If electric vehicle (EV) sales stay 14% of total sales, Josep Maria Recasens, COO of Renault’s <a href="https://theelectricityhub.com/?s=electric+vehicle">electric vehicle</a> unit Ampere, warned that companies may need to cut production by up to 2.5 million combustion-engine cars. This could lead to plant closures across Europe.</p>



<p class="">The financial stakes remain high. Consultancy Alix Partners estimates that penalties could total 50 billion euros between 2025 and 2029 if EV sales don’t increase. Some manufacturers consider purchasing emission credits from cleaner companies&nbsp;like Tesla and Volvo to avoid penalties. However, many see this as a short-term fix, with some executives voicing concerns about funding competitors.</p>



<p class="">Another solution to reduce emissions from combustion engines involves improving fuel efficiency. Renault plans to enhance hybrid models and launch new electric cars, like the R4 and R5, priced around 25,000 euros, to boost its <a href="https://theelectricityhub.com/?s=electric+vehicle+market">electric vehicle market</a> share.</p>



<p class="">At the same time, Chinese carmakers put additional pressure on European manufacturers. Despite tariff barriers, Chinese brands benefit from lower production costs and expand in Europe. A slowdown in European EV sales since late 2023 has worsened the situation. Volkswagen, for example, lowered prices on its ID.3 and ID.4 models to stay competitive. If companies miss their targets, Volkswagen warned that up to three plants in Germany could close.</p>



<p class="">This situation sparked debate among significant manufacturers. Volkswagen and Renault called for a review of the 2025 emissions targets, citing the difficulty of meeting the requirements. But Stellantis, a key player in the European market, disagrees. Stellantis CFO Doug Ostermann argued that the company had long prepared for this transition and would gain market share with a wide range of hybrid and electric models.</p>



<p class="">The pressure to meet stricter emissions standards forces European manufacturers to rethink their strategies. The shift to electric vehicles remains inevitable for many, but it comes with significant economic and industrial challenges. Meeting these new targets will require heavy investments in green production and infrastructure. At the same time, manufacturers must balance these costs with the need to maintain profitability in a highly competitive market.</p>



<p class="">The European Union aims to reach carbon neutrality by 2050, making the transition to <a href="https://theelectricityhub.com/?s=greener+vehicles">greener vehicles</a> essential. However, with rising competition from Chinese brands and the slow adoption of electric cars in Europe, manufacturers face a tough road ahead. The next few years will be critical in determining how the automotive sector adapts to these new emissions regulations and how manufacturers continue to innovate while keeping costs manageable. </p>
<p>The post <a href="https://theelectricityhub.com/eus-tough-emissions-rules-threaten-car-makers/">EU’s Tough Emissions Rules Threaten Car Makers</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<title>Sweden Urges EU to Boost Nuclear Power for Energy Independence</title>
		<link>https://theelectricityhub.com/sweden-urges-eu-to-boost-nuclear-power-for-energy-independence/</link>
					<comments>https://theelectricityhub.com/sweden-urges-eu-to-boost-nuclear-power-for-energy-independence/#comments</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Sun, 22 Sep 2024 15:05:27 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Clean Energy]]></category>
		<category><![CDATA[energy sector]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Nuclear energy]]></category>
		<category><![CDATA[Sweden]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=93954</guid>

					<description><![CDATA[<p>Sweden calls on Europe to increase support for nuclear power, aiming to expand capacity by 2.5 GW by 2035 and double production by 2045. Ebba Busch, Sweden’s Energy Minister, urged&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/sweden-urges-eu-to-boost-nuclear-power-for-energy-independence/">Sweden Urges EU to Boost Nuclear Power for Energy Independence</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>Sweden calls for more robust EU support for nuclear power, aiming to expand capacity by 2.5 GW by 2035 and double electricity production by 2045.</li>



<li>European Nuclear Alliance, formed in 2023 under Sweden’s leadership, unites 12 pro-nuclear countries to boost cooperation and innovation.</li>



<li>Division over nuclear energy persists, with Austria, Germany, and others opposing, while Sweden pushes for regulatory reforms and investment in SMRs.</li>
</ul>



<p>Sweden calls on Europe to increase support for nuclear power, aiming to expand capacity by 2.5 GW by 2035 and double production by 2045. <a href="https://energynews.pro/en/sweden-urges-eu-to-support-nuclear-power-expansion/">Ebba Busch</a>, Sweden’s Energy Minister, urged EU institutions at the “Roadmaps to New Nuclear” conference in Paris, organised by the Organisation for Economic Co-operation and Development (OECD), to stop obstructing nuclear development.</p>



<p>Busch emphasised that each EU member state controls its <a href="https://theelectricityhub.com/?s=energy+strategy">energy strategy</a>. She highlighted that most EU countries and the European Council supported nuclear power and warned that burdensome regulations hinder progress.</p>



<p>&#8220;<a href="https://theelectricityhub.com/?s=nuclear+energy">Nuclear energy</a> ensures Europe’s energy independence and drives decarbonisation,&#8221; Busch said. She outlined Sweden’s plan to expand nuclear capacity through large reactors or Small Modular Reactors (SMRs), which offer greater flexibility and lower costs.</p>



<p>Sweden launched the European Nuclear Alliance 2023 during its EU presidency, bringing together 12 pro-nuclear countries. The alliance aims to strengthen cooperation and drive innovation in the sector. Busch cautioned that without public investment, Europe risks falling behind global powers like the US and China, which heavily invest in nuclear energy.</p>



<p>Busch urged EU member states to boost financial support for nuclear infrastructure, stressing that nuclear energy plays a crucial role in meeting climate goals and reducing fossil fuel dependence.</p>



<p>Despite Sweden’s push, several EU countries, including Austria, Germany, Ireland, and Luxembourg, oppose nuclear energy. They cite concerns about safety and the environmental risks of nuclear waste. This division complicates efforts to create a unified European atomic strategy.</p>



<p>Busch argued that resolving waste management challenges and cutting regulatory red tape will unlock nuclear energy’s full potential in Europe. Sweden views SMRs as a game-changer due to their lower costs and faster deployment. The Swedish government works to simplify regulations to accelerate these developments.</p>



<p>Busch’s call to action comes as the European Commission faces mounting pressure to create a clear regulatory framework for financing nuclear power. Public-private partnerships, subsidies, and tax incentives are critical to keeping Europe competitive in the atomic <a href="https://theelectricityhub.com/?s=energy+sector">energy sector</a>.</p>



<p>Sweden advocates for more research into advanced nuclear technologies, such as SMRs and fourth-generation reactors. Improving waste management and enhancing safety standards will help build broader support for nuclear energy across Europe.</p>



<p>With Sweden leading the push, Busch believes that addressing political divisions and increasing financial backing will be crucial to securing Europe’s energy future. A more robust nuclear sector will help Europe achieve its energy and climate goals while staying competitive in the global shift toward <a href="https://theelectricityhub.com/?s=cleaner+energy">cleaner energy</a>.</p>
<p>The post <a href="https://theelectricityhub.com/sweden-urges-eu-to-boost-nuclear-power-for-energy-independence/">Sweden Urges EU to Boost Nuclear Power for Energy Independence</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<title>European Union Pledges $35M to Accelerate South Africa’s Green Hydrogen</title>
		<link>https://theelectricityhub.com/european-union-pledges-35m-to-accelerate-south-africas-green-hydrogen/</link>
					<comments>https://theelectricityhub.com/european-union-pledges-35m-to-accelerate-south-africas-green-hydrogen/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Tue, 10 Sep 2024 07:13:23 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[Green Hydrogen]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[Southern Africa]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Sustainable Transport]]></category>
		<category><![CDATA[environmental sustainability]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Fossil Fuels]]></category>
		<category><![CDATA[South Africa]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=93293</guid>

					<description><![CDATA[<p>The European Union has committed two grants, totalling about $35 million, to help South Africa advance its green hydrogen plans. The first grant, valued at 140 million rand ($7.8 million),&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/european-union-pledges-35m-to-accelerate-south-africas-green-hydrogen/">European Union Pledges $35M to Accelerate South Africa’s Green Hydrogen</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>The European Union has pledged two grants totalling $35 million to boost South Africa&#8217;s green hydrogen projects, with $7.8 million supporting Transnet&#8217;s infrastructure.</li>



<li>A $27.6 million grant will help develop South Africa’s green hydrogen value chain, which is vital for the transport, steel, and petrochemical industries.</li>



<li>Green hydrogen is critical to decarbonising South Africa and Europe as part of broader efforts to reduce dependence on fossil fuels.</li>
</ul>



<p>The European Union has committed two grants, totalling about $35 million, to help <a href="https://www.reuters.com/sustainability/climate-energy/eu-gives-south-africa-35-mln-grants-green-hydrogen-plans-2024-09-09/">South Africa</a> advance its green hydrogen plans.</p>



<p>The first grant, valued at 140 million rand ($7.8 million), will support Transnet, South Africa&#8217;s state-owned logistics company. This grant will fund infrastructure improvements for railways, ports, pipelines, and logistics, all vital to <a href="https://theelectricityhub.com/?s=green+hydrogen+projects">green hydrogen projects</a>.</p>



<p>The second grant, worth 25 million euros ($27.6 million), aims to develop the green hydrogen value chain in Africa’s most industrialised economy. Green hydrogen is produced by splitting water into hydrogen and oxygen using <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. This process generates a clean fuel for transport, steel, and petrochemicals.</p>



<p>Green hydrogen is essential for cutting carbon emissions in South Africa and Europe. European countries are increasingly investing in green hydrogen projects across Africa, aiming to secure a stable future supply of clean energy.</p>



<p>Kadri Simson, European Commissioner for Energy, announced during a press conference in Pretoria. “These two European Union grants will support South Africa’s key strategic goals,” Simson said.</p>



<p>South African officials also stressed the importance of the funding. Kgosientsho Ramokgopa, South Africa&#8217;s Minister of Energy and Electricity, said the grants offer a significant boost. &#8220;Green hydrogen provides some of the best opportunities for South Africa to industrialise,&#8221; he noted.</p>



<p>The country is working hard to transition its economy toward renewable energy, with green hydrogen being a cornerstone of these plans. The funding from the EU comes at a critical time for South Africa. As one of Africa’s largest polluters, the country is pressured to reduce its carbon footprint. Green hydrogen offers a cleaner alternative to fossil fuels and could help the country meet its climate goals.</p>



<p>South Africa has significant potential to lead Africa in green hydrogen production. Its renewable energy resources, especially wind and solar power, provide a strong foundation. By leveraging these resources, the country can produce green hydrogen at scale.</p>



<p>European countries, facing their energy challenges, are eager to secure partnerships with African nations. The EU&#8217;s investment in South Africa is part of a broader effort to expand green energy production. These partnerships are expected to help Europe reduce its dependence on <a href="https://theelectricityhub.com/?s=fossil+fuels">fossil fuels</a> and meet its climate targets.</p>



<p>The EU’s support for South Africa reflects the growing importance of Africa in the global green hydrogen market. South Africa’s industrial capacity and EU investments position it as a critical player in this emerging sector.</p>



<p>The Transnet grant, in particular, will help address some logistical challenges associated with transporting hydrogen. Reliable infrastructure is critical to the success of green hydrogen projects. Improved railways, ports, and pipelines will facilitate the efficient movement of hydrogen, both within South Africa and to international markets.</p>



<p>In summary, the EU’s $35 million pledge is set to boost South Africa’s green hydrogen ambitions. South Africa aims to develop a robust green hydrogen industry with European backing to drive economic growth and <a href="https://theelectricityhub.com/?s=environmental+sustainability">environmental sustainability</a>.</p>



<p>(Exchange rates: $1 = 17.8837 rand, $1 = 0.9060 euros)</p>
<p>The post <a href="https://theelectricityhub.com/european-union-pledges-35m-to-accelerate-south-africas-green-hydrogen/">European Union Pledges $35M to Accelerate South Africa’s Green Hydrogen</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<title>LNG Among EU new sanctions against Russia</title>
		<link>https://theelectricityhub.com/lng-among-eu-new-sanctions-against-russia/</link>
					<comments>https://theelectricityhub.com/lng-among-eu-new-sanctions-against-russia/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Mon, 24 Jun 2024 10:45:29 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[liquefied natural ga]]></category>
		<category><![CDATA[Russia]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=88925</guid>

					<description><![CDATA[<p>European Union countries adopted a 14th package of sanctions on Russia that aims to close some circumvention loopholes and hits Russia&#8217;s gas exports for the first time, EU foreign affairs&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/lng-among-eu-new-sanctions-against-russia/">LNG Among EU new sanctions against Russia</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>European Union countries adopted a 14th package of sanctions on Russia, which aims to close some circumvention loopholes and hit Russia&#8217;s gas exports.</li>



<li>The package also aims to crack down on the so-called shadow fleet helping Russia&#8217;s war effort by creating a framework to add ships to the sanctions list.</li>
</ul>



<p>European Union countries adopted a 14th package of sanctions on <a href="https://theelectricityhub.com/?s=Russia+">Russia </a>that aims to close some circumvention loopholes and hits Russia&#8217;s gas exports for the first time, EU foreign affairs ministers said in a statement on Monday.</p>



<p>The package will also add 116 entities and individuals to the&nbsp;sanctions&nbsp;list bringing, the total to more than 2,200.</p>



<p>Also, the new restrictions on gas aim to reduce Russia&#8217;s revenues from liquefied natural gas (LNG) exports by banning trans-shipments off EU ports and a clause allowing Sweden and Finland to cancel some LNG contracts. The measures stop short of an EU ban on LNG imports, which have risen since the start of the war.</p>



<p>The sanctions will take effect after a nine-month transition period. The package also prohibit new investments and services to complete of <a href="https://theelectricityhub.com/?s=LNG+">LNG </a>projects under construction in Russia.</p>



<p>The European Commission, the <a href="https://theelectricityhub.com/?s=EU%27">EU&#8217;</a>s executive arm, had also proposed expanding the so-called &#8220;No Russia clause&#8221; passed in a previous package. The measure would have made subsidiaries of EU companies in third countries contractually prohibit the re-export of their wares to Russia for high priority goods, including those that have a dual-use for military purposes, as well as ammunitions and firearms.</p>



<p>The package also aims to crack down on the so-called shadow fleet helping Russia&#8217;s war effort by creating a framework to add ships to the list of sanctions, such as oil tankers as well as vessels moving North Korean ammunition to Russia.</p>



<p>Vessels can be designated for instances including the &#8220;transport of military equipment for Russia, the transport of stolen Ukrainian grain and.. .for instance through the transport of LNG components or trans-shipments of LNG,&#8221; the EU ministers&#8217; statement said, adding 27 ships were listed.</p>



<p>Also, Included&nbsp;in the measures are restrictions on helium, rare earths and manganese ores as well as limits to Russian funding for think tanks and NGOs.</p>



<p>Furthermore, EU countries are now debating a package that would better align sanctions against Belarus that predate Moscow&#8217;s invasion of Ukraine with the ones targeting Russia since 2022. Belarus has been major loophole for goods reaching Russia, but members have been reluctant to tackle this issue over concerns around Belarus&#8217; major fertilizer exports.</p>
<p>The post <a href="https://theelectricityhub.com/lng-among-eu-new-sanctions-against-russia/">LNG Among EU new sanctions against Russia</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<title>European Union Quota for Sustainable Jet Fuel Impossible</title>
		<link>https://theelectricityhub.com/eu-quota-for-sustainable-jet-fuel-impossible/</link>
					<comments>https://theelectricityhub.com/eu-quota-for-sustainable-jet-fuel-impossible/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Thu, 20 Jun 2024 09:32:33 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Sustainable Transport]]></category>
		<category><![CDATA[Clean Energy]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Fraport]]></category>
		<category><![CDATA[Sustainable Aviation Fuel]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=88773</guid>

					<description><![CDATA[<p>The CEO of Frankfurt airport operator Fraport has revealed that the producers of sustainable aviation fuel (SAF) in the European Union (EU) cannot increase output fast enough to meet quotas, adding&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/eu-quota-for-sustainable-jet-fuel-impossible/">European Union Quota for Sustainable Jet Fuel Impossible</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">The CEO of Frankfurt airport operator Fraport&nbsp;has revealed that the European Union&#8217;s producers of sustainable aviation fuel (SAF) cannot increase their output.</li>



<li class="">The quota will increase to 70 per cent by 2050 and start at 2 per cent of total fuel in 2025.</li>
</ul>



<p class="">The CEO of Frankfurt airport operator Fraport has revealed that the producers of<a href="https://theelectricityhub.com/?s=sustainable+aviation+fuel+"> sustainable aviation fuel</a> (SAF) in the European Union (EU) cannot increase output fast enough to meet quotas, adding that the new European Commission would have to address the issue.</p>



<p class="">&#8220;There is not enough sustainable fuel to meet the quotas,&#8221; Fraport CEO Stefan Schulte said.&nbsp; He noted that Production needs to ramp up faster.</p>



<p class="">Moreover, the fuel, made from bio-based materials such as used cooking oil or wood chips, could cut carbon emissions by up to 80 percent. This is comparable with conventional fuel and is considered essential to make it more sustainable.</p>



<p class="">The 27-nation European Union, which will have new leaders of European Commissioners and members of the European Parliament following elections this month, has adopted rules requiring flights departing from EU airports to carry progressively increasing amounts of&nbsp;SAF.</p>



<p class="">The quota will increase to 70 per cent by 2050 and start at 2 per cent of total fuel in 2025, compared with just 0.2 per cent of global jet fuel use.</p>



<p class="">One reason for the slow uptake is price: biofuel-based SAF costs three to five times more than traditional jet fuel. SAF producers have complained that they lack certainty about how much fuel to produce and that they could face oversupply issues in the coming years.</p>



<p class="">Furthermore, the head of the airline industry group IATA, Willie Walsh, has said there is sufficient demand. &#8220;Every drop of SAF that&#8217;s produced has been used and will be used,&#8221; he said last year.</p>



<p class="">Fraport AG is One of the leading players in the global airport business. Fraport AG offers a wide range of operational and management solutions based on over 95 years of aviation expertise.“Connecting the world with tomorrow”.</p>
<p>The post <a href="https://theelectricityhub.com/eu-quota-for-sustainable-jet-fuel-impossible/">European Union Quota for Sustainable Jet Fuel Impossible</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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		<title>EU to Fund $20 Million Solar Power Stations in Egypt</title>
		<link>https://theelectricityhub.com/eu-to-fund-20-million-solar-power-stations-in-egypt/</link>
					<comments>https://theelectricityhub.com/eu-to-fund-20-million-solar-power-stations-in-egypt/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Mon, 15 Apr 2024 13:03:15 +0000</pubDate>
				<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[North Africa]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Egyptian General Petroleum Corporation (EGPC)]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Solar power stations]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=86891</guid>

					<description><![CDATA[<p>Egypt has revealed that it plans to Construct two solar power stations worth 1 billion Egyptian pounds ($20.60 million). The petroleum ministry said the European Union (EU) will finance the&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/eu-to-fund-20-million-solar-power-stations-in-egypt/">EU to Fund $20 Million Solar Power Stations in Egypt</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Egypt plans to Construct two solar power stations worth 1 billion Egyptian pounds.</li>



<li class="">The two projects will be financed through an EU grant.</li>
</ul>



<p class="">Egypt has revealed that it plans to Construct two<a href="https://theelectricityhub.com/?s=+solar+power+"> solar power </a>stations worth 1 billion Egyptian pounds ($20.60 million). The petroleum ministry said the European Union (EU) will finance the projects.</p>



<p class="">One of the projects, a 550 million Egyptian pound project at the Assiut Oil Refining Company with a capacity of 10 megawatts, is expected to be completed within 11 months.</p>



<p class="">Another project to produce electricity from solar energy is planned at the Egyptian General Petroleum Corporation (EGPC), with a capacity of 6.5 megawatts at an investment cost of 500 million Egyptian pounds ($10.42 million).</p>



<p class="">The two projects will be financed through an<a href="https://theelectricityhub.com/?s=+EU+grant"> EU grant</a>. Industry players noted that high levels of solar irradiation and expanses of the desert mean Egypt has vast renewable potential,</p>



<p class="">The government has set a goal of producing 42 per cent of its power from renewables by 2030, up from 2035. The North African nation is trying to position itself as a renewable energy hub but faces competition from other countries in North Africa and the Middle East.</p>
<p>The post <a href="https://theelectricityhub.com/eu-to-fund-20-million-solar-power-stations-in-egypt/">EU to Fund $20 Million Solar Power Stations in Egypt</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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