In each edition of Reimagine Energy we have a look at tendencies on the energy market. What’s going up? What’s going down?
We’ve seen a few progressive months in the EU energy market
Net zero by 2050
Germany joined the push for an EU-wide agreement to cut greenhouse gases to net zero emissions by 2050. An energy revolution is happening in Europe and innovative business models will be required to prop up this transition.
High renewable uptake
It was a very Good Friday indeed: over Easter this year, two of the EU’s biggest emitters were running predominantly on renewables: the UK went one week without coal; German renewables hit an all-time 77% high.
Divesting in fossil fuels
Norway is leading the charge in divestment, dropping investments in eight coal companies and roughly 150 oil producers.
A global sigh at the great challenge ahead of us
While cryptocurrencies have emerged over the years as intelligent and secure means to operate digital finance, unfortunately the impact on climate change is projected to be huge.
Energy usage rises
In a review released in June, CEO of BP, Bob Dudley, admitted that “the current pace of progress is inconsistent with the Paris climate goals”. This is due to increased energy consumption, unsurprisingly. We look forward to some ideas, Bob.
Over 70% of European PV manufacturers have figured out end of life solutions for solar panels. However, if the rest of the world doesn’t catch up, we risk a 60 million tonne PV waste problem by 2050.
Stay well-informed during the energy transition. Download Reimagine Energy: The Changemakers edition for free to read interviews and articles that help you navigate the changing energy world with confidence.