Tag #Energy Transition

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repubblica.it

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Jul 23, 01:12

Renewable Energy Saves \$57 Billion in 2024

A new report by the International Renewable Energy Agency (Irena) reveals that renewable energy saved the world \$57 billion in fossil fuel costs in 2024 due to 582 gigawatts of new capacity, with 91% of new green plants cheaper than fossil fuel alternatives.

Renewable Energy Saves \$57 Billion in 2024

A new report by the International Renewable Energy Agency (Irena) reveals that renewable energy saved the world \$57 billion in fossil fuel costs in 2024 due to 582 gigawatts of new capacity, with 91% of new green plants cheaper than fossil fuel alternatives.

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What were the immediate economic benefits of renewable energy in 2024, and how significant were they globally?

In 2024, renewable energy sources saved the world \$57 billion in fossil fuel costs, according to a new report by the International Renewable Energy Agency (Irena). This saving resulted from 582 gigawatts of new renewable energy capacity installed last year, with 91% of new green energy plants proving cheaper than fossil fuel alternatives.

welt.de

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Jul 23, 19:11

Record Surge in Wind Turbine Applications in Baden-Württemberg

Over 1,100 wind turbine construction applications were submitted in Baden-Württemberg between May and June due to an expiring federal simplification process, exceeding the current 803 operational turbines and potentially enabling the state to reach its renewable energy goals by 2030.

Record Surge in Wind Turbine Applications in Baden-Württemberg

Over 1,100 wind turbine construction applications were submitted in Baden-Württemberg between May and June due to an expiring federal simplification process, exceeding the current 803 operational turbines and potentially enabling the state to reach its renewable energy goals by 2030.

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What is the primary cause of the unprecedented surge in wind turbine construction applications in Baden-Württemberg, and what are the immediate consequences?

In Baden-Württemberg, Germany, applications for new wind turbines surged to a record high, with over 1,100 applications submitted between May and June. This is far exceeding the current 803 wind turbines in operation. The main reason is the expiration of a federal simplification process for wind turbines in designated priority areas. This resulted in companies rushing to secure this easier approval process before the deadline.

zeit.de

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Jul 23, 22:13

Schleswig-Holstein Urges Germany to Stay Course on Renewable Energy

Schleswig-Holstein's Minister of the Environment, Tobias Goldschmidt, urges the German federal government to maintain its course on renewable energy, highlighting the state's substantial wind energy projects (9 GW operational, 4.7 GW planned) and expressing concern over conflicting federal policies ...

Schleswig-Holstein Urges Germany to Stay Course on Renewable Energy

Schleswig-Holstein's Minister of the Environment, Tobias Goldschmidt, urges the German federal government to maintain its course on renewable energy, highlighting the state's substantial wind energy projects (9 GW operational, 4.7 GW planned) and expressing concern over conflicting federal policies ...

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What is the immediate impact of Schleswig-Holstein's renewable energy plans on the regional economy and the federal government's energy policy?

Schleswig-Holstein has 9 GW of wind power capacity, with another 4.7 GW approved or pending. This represents roughly €11 billion in rural investment and demonstrates a commitment to economic restructuring, according to Minister Goldschmidt. However, concerns exist regarding the new federal government's commitment to renewable energy due to subsidies for gas.

sueddeutsche.de

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Jul 23, 10:16

German Solar Industry Crisis: Insolvencies and Asian Competition Threaten 2030 Goals

Facing intense price competition from China, Germany's solar manufacturing industry is experiencing a crisis with multiple insolvencies, threatening the country's ambitious 2030 renewable energy goals despite a prior boom in demand.

German Solar Industry Crisis: Insolvencies and Asian Competition Threaten 2030 Goals

Facing intense price competition from China, Germany's solar manufacturing industry is experiencing a crisis with multiple insolvencies, threatening the country's ambitious 2030 renewable energy goals despite a prior boom in demand.

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What is the primary cause of the crisis in Germany's solar manufacturing sector, and what are its immediate consequences?

Germany's solar industry, once a leader, now faces a crisis due to Asian competition and insolvency among manufacturers. The decline is impacting domestic production, despite strong demand for solar installations in previous years.

corriere.it

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Jul 22, 19:15

Clean Energy Dominates Investment, but Uneven Transition Requires Urgent Action

In 2023, renewable energy sources dominated new electricity generation capacity, attracting \$2 trillion in investment, exceeding fossil fuel investment by \$800 billion; however, an uneven transition necessitates six key actions for equitable and accelerated progress.

Clean Energy Dominates Investment, but Uneven Transition Requires Urgent Action

In 2023, renewable energy sources dominated new electricity generation capacity, attracting \$2 trillion in investment, exceeding fossil fuel investment by \$800 billion; however, an uneven transition necessitates six key actions for equitable and accelerated progress.

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How can the clean energy transition address energy poverty and promote equitable development globally?

The shift towards clean energy offers economic advantages, energy security (reducing reliance on volatile fossil fuel markets), and opportunities for development (electrifying underserved areas). However, the transition is uneven, leaving developing nations behind and failing to meet the pace needed to address climate change.

elpais.com

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Jul 22, 10:12

Spain's Manufacturing Sector Decline: A Call for Targeted Reindustrialization

A study by Fundación BBVA and Ivie reveals Spain's manufacturing sector's decline, contributing only 9.9% of new jobs and 11.8% of GVA in 2023, lagging behind the EU average and highlighting the need for targeted reindustrialization policies focusing on productivity, digitalization, and energy trans...

Spain's Manufacturing Sector Decline: A Call for Targeted Reindustrialization

A study by Fundación BBVA and Ivie reveals Spain's manufacturing sector's decline, contributing only 9.9% of new jobs and 11.8% of GVA in 2023, lagging behind the EU average and highlighting the need for targeted reindustrialization policies focusing on productivity, digitalization, and energy trans...

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Decent Work and Economic Growth

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What are the key factors contributing to the decline of Spain's manufacturing sector and its implications for the national economy?

Spain's manufacturing sector has significantly declined since the start of the century, contributing only 9.9% to new jobs compared to 17.3% at the beginning. The sector's Gross Value Added (GVA) also dropped from 17.9% in 2000 to 11.8% in the last fiscal year, widening the gap with the EU average of 15.6%.

theguardian.com

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Jul 23, 22:13

UK Unions Warn of Net-Zero Political Backlash Amidst Slow Green Job Creation

Two major UK unions warn that the Labour government needs to create more green jobs to avoid voters turning to parties that oppose net-zero, citing YouGov polling data showing only 30% of voters believe the energy transition will create local jobs and Reform UK's pledge to scrap green energy contrac...

UK Unions Warn of Net-Zero Political Backlash Amidst Slow Green Job Creation

Two major UK unions warn that the Labour government needs to create more green jobs to avoid voters turning to parties that oppose net-zero, citing YouGov polling data showing only 30% of voters believe the energy transition will create local jobs and Reform UK's pledge to scrap green energy contrac...

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What are the immediate implications of insufficient green job creation in the UK regarding public support for the net-zero transition and potential electoral consequences?

Two major UK unions, GMB and Prospect, warn that the Labour government must significantly increase green job creation to maintain public support for the net-zero transition. Failure to do so risks voters turning to parties opposing climate action, as evidenced by recent polling data showing only 30% of voters believe the energy transition will create local job opportunities. This concern is heightened by parties like Reform UK actively campaigning against green energy contracts.

zeit.de

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Jul 23, 10:16

German Solar Industry Faces Crisis Amidst Asian Competition

Germany's "Solar Valley" initiative is struggling due to bankruptcies and intense price competition from Asia, leaving Meyer Burger seeking investors and the industry facing uncertainty despite the country's strong position in PV system sales and installation. The insolvency of Glasmanufaktur Brande...

German Solar Industry Faces Crisis Amidst Asian Competition

Germany's "Solar Valley" initiative is struggling due to bankruptcies and intense price competition from Asia, leaving Meyer Burger seeking investors and the industry facing uncertainty despite the country's strong position in PV system sales and installation. The insolvency of Glasmanufaktur Brande...

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What are the primary challenges facing the German solar industry, and what are the immediate consequences for jobs and economic output?

Solar Valley", a German initiative to boost domestic solar cell production, has faced significant challenges due to a wave of bankruptcies and intense price competition from Asia. In 2025, insolvency filings are expected to continue, impacting companies like Meyer Burger, currently seeking investors. While Germany remains economically strong in photovoltaic (PV) system sales and installation, the growth of solar energy has slowed compared to previous years.

zeit.de

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Jul 23, 07:14

EWE's North Sea Gas Deal Sparks Environmental Controversy

EWE, a German energy supplier, will source natural gas from the North Sea via a deal with One-Dyas, aiming for lower emissions than imported LNG, despite environmental concerns regarding damage to protected reefs and the wasteful use of renewable energy for gas extraction.

EWE's North Sea Gas Deal Sparks Environmental Controversy

EWE, a German energy supplier, will source natural gas from the North Sea via a deal with One-Dyas, aiming for lower emissions than imported LNG, despite environmental concerns regarding damage to protected reefs and the wasteful use of renewable energy for gas extraction.

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Climate Action

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What are the immediate environmental and economic consequences of EWE's deal to source natural gas from the North Sea?

EWE, a German energy supplier, has signed a deal with One-Dyas to source natural gas from the North Sea, aiming for comparatively climate-friendly energy production by connecting the extraction to an offshore wind farm. This will reduce CO2 emissions significantly, as emissions from imported LNG are 25 times higher. However, environmental groups and local politicians criticize this move due to potential damage to the marine ecosystem and protected reefs.

tr.euronews.com

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Jul 22, 22:14

Renewable Energy Capacity Soars to Record High in 2024

The UN reports that renewable energy, especially solar and wind, is now the cheapest and fastest option for new energy production, with 2024 seeing a record 582 gigawatts of new capacity added globally, exceeding fossil fuel additions on nearly every continent.

Renewable Energy Capacity Soars to Record High in 2024

The UN reports that renewable energy, especially solar and wind, is now the cheapest and fastest option for new energy production, with 2024 seeing a record 582 gigawatts of new capacity added globally, exceeding fossil fuel additions on nearly every continent.

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What is the global significance of the record-breaking growth in renewable energy capacity additions in 2024?

According to the UN, in 2024, global renewable energy capacity additions reached 582 gigawatts, a 20% increase from 2023 and the largest annual expansion ever recorded. Almost all new energy capacity globally came from renewables, with nearly every continent adding more renewable energy capacity than fossil fuels last year.

kathimerini.gr

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Jul 22, 16:16

Slowdown in Global Renewable Energy Investment

Global renewable energy investment growth slowed to 10.7% in 2024, down from an average of 20% since 2020, due to rising costs, grid constraints, and the high profitability of fossil fuels, impacting projects such as the cancelled Hornsea 4 wind farm; China remains an exception, increasing investmen...

Slowdown in Global Renewable Energy Investment

Global renewable energy investment growth slowed to 10.7% in 2024, down from an average of 20% since 2020, due to rising costs, grid constraints, and the high profitability of fossil fuels, impacting projects such as the cancelled Hornsea 4 wind farm; China remains an exception, increasing investmen...

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How are rising material costs, grid limitations, and the continued high demand for fossil fuels impacting the financial viability of renewable energy investments?

This downturn is driven by multiple factors, including rising material costs, interest rate uncertainty, supply chain issues, and grid limitations causing energy curtailment, where excess renewable energy is wasted. The situation is exacerbated by the continued high demand for fossil fuels, pushing investment away from RES and towards higher-profit oil and gas extraction. Even China, a major RES investor, only saw a 20% increase, significantly below previous growth rates.

elmundo.es

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Jul 21, 07:11

Spanish Renewable Energy M&A Market Collapses in 2024

The Spanish renewable energy M&A market plummeted in 2024, decreasing by 68% in transactions and 62% in investment compared to 2023 due to price imbalances from increased photovoltaic energy, the April 2024 blackout resulting in production cuts, and global uncertainty impacting long-term financing a...

Spanish Renewable Energy M&A Market Collapses in 2024

The Spanish renewable energy M&A market plummeted in 2024, decreasing by 68% in transactions and 62% in investment compared to 2023 due to price imbalances from increased photovoltaic energy, the April 2024 blackout resulting in production cuts, and global uncertainty impacting long-term financing a...

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What caused the dramatic decrease in mergers and acquisitions within Spain's renewable energy sector in 2024?

The Spanish renewable energy market experienced a significant downturn in 2024, with a 68% drop in transactions and a 62% decrease in investment compared to 2023. This decline resulted in renewable energy dropping out of the top four sectors for mergers and acquisitions (M&A) activity, a position it held since 2021. The number of transactions remained relatively stable, but the total investment plummeted from €21.066 billion in 2023 to €12.040 billion in 2024.

Showing 73 to 84 of 567 results