Remove 2040 Remove Europe Remove Fossil fuels Remove Nuclear Power
article thumbnail

RTE proposes €100bn plan for France’s transmission network

Smart Energy International

French TSO RTE has proposed investments prioritising developments of its network of the order of €100 billion by 2040. However, since then, the state has redefined its energy policy, including a revival of nuclear power, the acceleration of renewables and reindustrialisation through the development of low-carbon industrial zones.

article thumbnail

IEA net zero update reiterates need for rapid grid expansion

Smart Energy International

trillion by 2040 before dropping back to around $850 billion by 2050. As an example of the scale of this issue, the IEA highlights that in Europe today around 60GW of onshore wind capacity – four-times the capacity commissioned in 2022 – is held up by various permitting procedures. Have you read?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Multi-trillion dollar opportunity: BNEF charts course to a net zero global energy system

Business Green

A rapid shift away from fossil fuels is also needed alongside a major ramp up in renewable electricity capacity - largely provided by wind and solar projects - which will form the backbone of the future energy system, while development of hydrogen, carbon capture and new modular nuclear technologies is also crucial, the report warned.

article thumbnail

Global Briefing: EU set to push for more stretching 2030 climate target

Business Green

Meanwhile, green groups have been pushing for an even more ambitious 2030 climate target for the bloc, and on Thursday MEPs on the EU Parliament's Environment Committee voted in favour of a 60 per cent goal, alongside calls for a phase out of fossil fuel subsidies by 2025. South Korea to shut down 30 coal more plants.

article thumbnail

Global Briefing: Coronavirus crisis will have 'negligible' impact on emissions without green recovery, study warns

Business Green

The study drew on data from 123 countries that together account for 99 per cent of fossil fuel emissions. In contrast, with an economic recovery tilted towards green stimulus and reductions in fossil fuel investments, it is possible to avoid future warming of 0.3C warming target at the heart of the Paris Agreement.

article thumbnail

Everything you need to know about the UK's landmark Energy White Paper

Business Green

Recent weeks have seen a new 2030 emissions target, the National Infrastructure Strategy, the Treasury's Spending Review, the confirmation of an end to overseas financing of fossil fuel infrastructure, and, of course, Boris Johnson's Ten Point Plan for a Green Industrial Revolution.

article thumbnail

Think tank outlines possible clean energy industrial strategy for the UK

Envirotec Magazine

It also has set and met ambitious clean energy and has the potential to produce an enormous amount of clean electricity, heat, and hydrogen with offshore wind and nuclear power. This will result in the UK seeing the second largest reduction in consumer gas demand in Europe and the third largest drop in consumer oil demand.