Electrolyser capacity | Europe 2040
Energy Central
AUGUST 14, 2023
Electrolyser capacity | Europe 2040 [link] Hydrogen Networks
Storage a ‘key element’ for new 2040 renewable energy targets, leaked EU draft says
Energy Storage News
FEBRUARY 1, 2024
The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.
Energy 
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
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EU Kicks off Debate on 2040 Climate Goal on Way to Net-Zero Emissions
FuelCellsWorks
FEBRUARY 6, 2024
The European Commission presented its recommendations for the EU’s 2040 climate target on Tuesday (6 February), arguing for a 90% cut in emissions compared to 1990, and paving the way.
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The EU proposes slashing pollution 90 percent by 2040
The Verge: Energy
FEBRUARY 6, 2024
Illustration by Hugo Herrera / The Verge The European Commission today recommended reducing carbon dioxide emissions from fossil fuels by 90 percent by 2040 compared to 1990 levels. The EU released a strategy document for capturing carbon dioxide emissions today alongside the 2040 plan. As always, though, the devil is in the details.
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'Europe continues to lead the way': European Commission unveils its green economy vision for 2040
Business Green
FEBRUARY 7, 2024
The European Commission has this week set out how it intends to achieve a 90 per cent cut in emissions by 2040, but the hugely ambitious plan is likely to face pushback from member states and MEPs
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New CEO confirms Honda will go all-electric by 2040
Charged
JULY 19, 2021
New CEO Toshihiro Mibe has announced that his company hopes to go all-electric by 2040. Honda has already announced plans to sell only electrified vehicles in Europe by 2022, and to go all-electric in North America by 2040. According to Bloomberg, some Honda-watchers wonder whether the 2040 goal is realistic.
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Munich, Germany aims for CO2-neutral heating by 2040, primarily with geothermal
ThinkGeoEnergy
MARCH 25, 2024
Munich city utility Stadtwerke München (SWM) has laid out a plan for the heating transition in Munich, Germany that aims to establish CO2-neutral heating by 2040 at the latest, ahead of the 2045 target set by the federal government. The network is expected to grow by a further 600 kilometers by 2040.
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Fossil fuels are losing ground to renewable energy in Europe
The Verge: Energy
FEBRUARY 6, 2024
What’s encouraging is it’s just continuing that structural decline in fossil fuels,” says Sarah Brown, Ember’s Europe program director. The EU has committed to reaching net-zero carbon dioxide emissions by 2050 and on February 6th , the European Commission recommended slashing that pollution by 90 percent by 2040 compared to 1990 levels.
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1.5TW of additional transmission needed for net zero by 2040
Smart Energy International
NOVEMBER 23, 2023
trillion could deliver savings of $3 trillion in the net zero transition by 2040, new analysis based on the Future Energy Outlook shows. The Middle East and North Africa is seen as becoming the world’s electricity hub, with a total system capacity reaching 2,000GW and the countries becoming exporters or hubs to Asia, Europe and Africa.
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Shell, Volvo and Daimler Back Hydrogen as Europe Turns Sights on Truck Emissions
GreenTechMedia
DECEMBER 15, 2020
This week a group of seven truck-makers, including Volvo, Scania, Ford and Daimler, agreed to stop selling diesel-power trucks by 2040, a decade earlier than previously planned. Be it electrification, batteries, hydrogen or shifting freight to the rails, Europe is pursuing multiple routes to decarbonizing heavy road transport.
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Honda hopes to go electric in North America by 2040, will develop solid-state batteries
Charged
APRIL 28, 2021
Following Toyota’s announcement of a new line of battery-electric vehicles , Honda now says it plans to make battery-electric and fuel cell vehicles 100% of its North American sales by 2040. The 20-year timeline is also an eye-roller for EV-watchers, most of whom expect gas-burners to go the way of flip phones long before 2040.
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European truck-makers pledge to phase out internal combustion vehicles by 2040
Charged
JANUARY 5, 2021
Several of Europe’s largest truck manufacturers have promised to stop selling ICE vehicles by 2040. The pledge calls for major investment in energy grids and a higher tax on carbon across Europe. They will come [at] different paces, but if we sit and wait for the perfect technology to emerge, we will burn the planet.”.
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Italian gas giant Snam targets carbon neutrality by 2040
Business Green
NOVEMBER 26, 2020
Europe's biggest gas pipeline company unveils multi-billion Euro investment plan to transition to hydrogen and biomethane. The plan designates €6.7bn of investment towards regulated energy infrastructure, focused on hydrogen-ready replacements for gas, as well as digitisation and decarbonisation programmes.
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PepsiCo serves up net zero by 2040 goal
Business Green
JANUARY 14, 2021
Global drinks giant doubles interim emissions goal and pledges to become net zero emission business by 2040. PepsiCo has become the latest global brand to sign up to an ambitious net zero emissions target, pledging to fully decarbonise its business by 2040 and announcing it has strengthened its near-term emissions targets.
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ESS Launches in Europe to Meet Demand for Long-Duration Energy Storage
altenergymag
MARCH 17, 2022
ESS Appoints European Leadership and Initiates Deployment of Safe Iron-Flow Batteries to Fulfill European Energy Storage Requirement of up to 20 TWh, to Achieve Grid Net-Zero by 2040
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Analysts predict $183bn increase in property insurance costs by 2040 due to climate change
Business Green
SEPTEMBER 7, 2021
Overall, the firm expects property insurance premiums will triple to be worth $1.3tr in 2040, up from $450bn in 2020, driven largely by economic development and climate change, with the former expected to make up three quarters of the rise. and nine times more likely to happen in Western Europe than in the late 1800s.
AB InBev brews up new net zero value chain goal for 2040
Business Green
DECEMBER 13, 2021
AB InBev has become the latest multinational to announce plans to achieve net zero emissions across its entire value chain, pledging to deliver net zero for its supply chain and product use and disposal by 2040. We have always relied on natural resources to brew our beer," said Bart Grieten, VP Supply at AB InBev Europe.
Volvo, Daimler and Traton to build high-power charging network for commercial EVs in Europe
Charged
JANUARY 5, 2022
Commercial vehicle manufacturers Volvo Group, Daimler Truck and the Traton Group have agreed to create a joint venture to build and operate a high-power public charging network for heavy-duty long-haul trucks and coaches across Europe. The planned JV, which will be equally owned by the three firms, is scheduled to start operations in 2022.
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North West politicians and businesses plot 2040 net zero vision
Business Green
FEBRUARY 23, 2021
Political leaders and businesses from across North West England have unveiled their vision for the region to transition to net zero by 2040 bolstered by a "green recovery" from the coronavirus crisis, as they yesterday announced plans to launch a decarbonisation roadmap later this year.
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Report proposes global treaty to end production of virgin plastic production by 2040
Business Green
JULY 2, 2021
Scientists are calling for a binding treaty to phase out global production of virgin plastic by 2040. International group of scientists call for new plastics non-proliferation treaty that binds governments to ambitious target to phase out virgin plastic.
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Volvo to launch a range of electric trucks in Europe in 2021
Charged
NOVEMBER 20, 2020
Volvo Trucks plans to offer a complete range of all-electric heavy-duty trucks in Europe, starting in 2021. Volvo Trucks aims to make its entire product range fossil-free by 2040. Sales will begin next year, and volume production will start in 2022. Some of these will be battery-electric, and some will be fuel cell-powered.
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HSBC pledges to cut off coal financing by 2040 following investor pressure
Business Green
MARCH 11, 2021
Banking giant commits to ending support for coal by 2040 after reaching compromise with shareholders. The board-backed proposal commits the bank to phasing out all project finance, corporate finance, and underwriting of coal-fired power and thermal coal mining by 2030 in the EU and OECD, and by 2040 globally.
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WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030
GreenTechMedia
JUNE 3, 2020
Europe's power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar. New-build projects in the U.K.
Amazon hands Mercedes-Benz its biggest electric vehicle order to date
GreenBiz
AUGUST 28, 2020
German auto giant Mercedes-Benz announced its largest order of electric vehicles to date Friday: 1,800 electric delivery vans for retail giant Amazon to use across Europe. Mercedes-Benz says it will become net carbon-neutral by 2040. . Fri, 08/28/2020 - 00:00.
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Sowing Doubt: How Big Ag is Delaying Sustainable Farming in Europe
DeSmogBlog
DECEMBER 21, 2022
But now Europe is poised to enact laws that would not only recognise the harms of chemical-intensive agriculture, but also to ensure that synthetic pesticide and fertiliser use is significantly reduced. As pesticide trade body CropLife Europe says: “let’s focus on transition, not just targets”.
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'Immediate action and fresh thinking': Intel plots road to net zero by 2040
Business Green
APRIL 14, 2022
Intel Corporation has set its sights on achieving net zero emissions within its own operations by 2040, in addition to slashing emissions and energy use across its products and value chain, as the IT semiconductor giant unveiled details of its decarbonisation strategy yesterday. With leadership comes responsibility.
Oil refiner Varo Energy unveils plan to achieve net zero by 2040
Business Green
JULY 5, 2022
European fossil fuel giant pledges to ramp up investment in hydrogen and end sale of carbon-based products by 2040. European oil refinery giant Varo Energy has today announced a new commitment to achieve net zero emissions by 2040, unveiling plans to invest $3.5bn in sustainable solutions such as hydrogen over the next four years.
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Amazon expands climate-friendly product badge system in US and Europe
Business Green
JULY 13, 2021
Amazon has expanded its climate-friendly certification for products listed on its online retail sites in Europe and the US, today announcing four more green badges covering chemicals, organic products, animal welfare, and human health in a bid to enable more sustainable shopping choices.
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Ed’s note: Planning for an integrated multi-energy system in Europe by 2050
Smart Energy International
OCTOBER 18, 2022
The first one considers Germany’s entire energy national system targeting more than 2040 scenarios. It is meant to become a reference for TSO’s and DSO’s strategic development, as well as institutions and organisations that aim to develop the decarbonisation transition pathways towards 2040 and beyond.
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Project outlines first commercial scale seaweed farm between offshore wind turbines
Envirotec Magazine
FEBRUARY 16, 2023
If seaweed farming were to expand to occupy the entire space occupied by wind farms, expected to be approximately 1 million hectares by 2040, it could reduce millions of tonnes of CO 2 annually. The evolution of farming in the North Sea North Sea Farmers (NSF) has championed the seaweed sector in Europe since 2014.
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BNP Paribas to end all coal investments worldwide by 2040
Business Green
NOVEMBER 25, 2019
French banking giant to end coal financing in Europe by 2030 and sets new renewable energy investment target of €18bn by 2021.
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'Europe's first': BP Pulse powers up Rhine-Alpine electric truck charging corridor
Business Green
JANUARY 24, 2023
Eight dedicated charging stations promise to give electric HGVs 200km of range in just 45 minutes The zero emission truck sector passed another major milestone yesterday, with the launch of Europe's first dedicated electric truck charging corridor in Germany. With today's opening, Aral is taking an important step in this direction."
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Data centre virtualisation and cloud computing can play a pivotal role in power sector emissions reductions, says report
Envirotec Magazine
MARCH 18, 2021
A new report from power market analytics firm Aurora Energy Research suggests that increased deployment of (and continued improvements in) virtualisation technology could reduce potential future European computing emissions 55% by 2040.
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Verdane raises €1.1 billion for sustainable European businesses
Impact Alpha
FEBRUARY 27, 2024
ImpactAlpha, February 26 — Verdane, a Norwegian private equity investor, targets tech-enabled businesses that can pass its “2040 test” – a screen to. The post Verdane raises €1.1 billion for sustainable European businesses appeared first on ImpactAlpha.
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Contintental complexity
Envirotec Magazine
JANUARY 12, 2024
Factors attributed as principal causes include: the burning of biomass fuel for cooking, heating, and lighting; the crude oil exploitation and coal mining industries; and old vehicles being shipped in from Europe. Investment in clean energy such as solar, hydropower and wind to meet Africa’s energy demand which is expected to double by 2040.
The Sky Is The Limit For Clean Energy Subsidies In Europe
Mr. Sustainability
AUGUST 26, 2020
Summary - Europe and China double-down on renewables, investing hundreds of billions into electric vehicles, solar, wind and hydrogen. Germany recently unveiled a $145-billion (130 billion euro) recovery plan for Europe’s largest and strongest economy. Big time investments in Hydrogen Europe is also betting big on hydrogen.
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Floating wind set to sail to 70GW of capacity by 2040, study predicts
Business Green
JULY 14, 2020
An estimated 70GW of floating wind could be installed across the globe by 2040, according to forecasts contained in the Carbon Trust's new Floating Wind Joint Industry Project's (JIP's) second phase summary report.
Shell Exploring World’s Largest Green Hydrogen Project
GreenTechMedia
FEBRUARY 27, 2020
The project could be expanded to 10 gigawatts of offshore wind by 2040 dedicated to green hydrogen production. By 2040, NortH2 could be producing 800,000 tons of green hydrogen, making the carbon tax savings a €1 billion opportunity in 2040, even if the carbon tax rate remains unchanged from 2030.
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Amazon to funnel €20m into nature-based climate projects across Europe
Business Green
SEPTEMBER 23, 2021
Amazon has announced plans to funnel €20m towards nature-based projects to support tree planting, biodiversity restoration and urban green projects across Europe, starting with a major urban reforestation programme in Italy. The company did not immediately respond to queries from BusinessGreen at the time of going to press.
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QUANTRON Signs the ZEV Declaration, Supported by the Accelerating to Zero Coalition
FuelCellsWorks
SEPTEMBER 12, 2023
The ZEV Declaration aims to achieve 100% zero-emission new car and van sales in leading markets by 2035 and globally by 2040 at the latest. QUANTRON is proud to be.
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£36m award will use waste heat from data centres to heat homes in London
Envirotec Magazine
NOVEMBER 10, 2023
This substantial scheme is expected to deliver 95GWh of heat across 5 phases between 2026 and 2040. The funding award of £36 million will support the commercialisation and construction of the district heat network. The Old Oak development will create 22,000 new jobs. ”
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Europe’s Thinking Shifts on Supporting Renewables as Part of Green Recovery Package
GreenTechMedia
JUNE 22, 2020
As things stand, Europe's stimulus package “has no green strings attached — none,” said Patrick Graichen, executive director of the Agora Energiewende, think tank, speaking last week about the green recovery. Europe's overall recovery package is not as unequivocally green at this stage as many expected.
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BMW, Ford, other automakers rev up carbon commitments
GreenBiz
JULY 29, 2020
Volvo Cars — owned by China's Geely Holding and not to be mistaken with Volvo Group — is pledging to become carbon neutral by 2040. Three macrotrends: Regulators in Europe and China are tightening emissions rules and driving automakers that sell into those markets to launch zero- and low-emissions vehicles. What do you think?
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Electrified transit bus sales overtake diesel in the EU
Charged
MAY 30, 2023
The targets will increase to 33-65% in 2026, so diesel’s days in Europe are clearly numbered. Major cities are also regulating stinkpots out of existence—the ICCT reports that over half our Europe’s capital cities plan to have only zero-emission buses on their roads by 2040. Data sourced from Chatrou CME Solutions.
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