The EU plans to cut energy imports by €45B by the end of the year. The European Commission is set to present a plan to support European industry, which is struggling with weak demand, cheap imports and higher energy costs than in the US and China. The initiative incl... #EnergyIndependence #EuropeanCommission #FossilFuels #RenewableEnergy #RussianOil
The world’s energy consumption from all sources is increasing. The Energy Institute (EI) has released its annual World Energy Statistical Review, which for the first time presents comprehensive global energy data for 2023. The analysis showed that: Total primary ... #ElectricityConsumption #FossilFuels #GreenENergy #LNG #Naturalgas
This year, the world will invest $2T in clean energy, 100% more than fossil fuel spending. This year, global investment in clean energy technology and infrastructure will reach $2T, twice as much as in fossil fuels, according to a report by the International Energy Agency (IEA). Also, the t... #ElectricCars #EnergyInvestments #FatihBirol #FossilFuels #IEA #RenewableEnergy
Ukraine attacked the four largest Russian refineries in a single day. The Security Service of Ukraine (SBU) reported that on the night of March 13, the SBU attacked three Russian oil refineries in Ryazan, Kstovo (Nizhny Novgorod region), and Kirishi (Leningrad region). ... #AttackOnRussia #FossilFuels #RussianOil #RussiaOilRefineryDamages #WarinUkraine
Fossil fuel remains the leader in Ukrainian energy consumption. Gas remains the leader in Ukrainian energy consumption, with 30% of the balance of consumption of Ukrainian energy enterprises. In second place is nuclear energy, which produces 24% of the country’s e... #ElectricityUkraine #energyukraine #FossilFuels #GreenENergy #NuclearEnergyUkraine
Over 100 countries will triple their use of green energy by 2030, and Ukraine has been advised to develop RES as a profit source after joining the EU. At the UN climate summit (COP28), the governments of 117 countries pledged to triple the use of renewable energy sources (RES) by 2030 to reduce the share of fossil fuels in global energy production. ... #FossilFuels #GreenENergy #RenewableEnergy #RESinvestments
As EU gas prices rise again, the IEA predicts a demand decline for blue fuel until 2026. The spot price of gas in Europe on Tuesday exceeded the mark of $500 per thousand cubic meters for the first time since the beginning of April. The day-ahead contract on the TTF platform in the Nether... #EUgasPrices #FossilFuels #IEA #RenewableEnergy
If Europe invests €2T in RES, it could become energy self-sufficient. By investing in solar, wind, and other renewable sources, Europe could abandon fossil fuels and create a self-sustaining energy sector by 2040. To achieve this goal, the continent will need an annual ... #FossilFuels #GreenEnergyEU #RenewableEnergy #RESinvestments
Global demand for fossil fuels has already reached its peak. Fossil fuels are no longer economically viable, and their use has peaked. At the same time, the growth of renewable energy sources is driving down global electricity prices, according to a report by t... #FossilFuels #GreenENergy #RenewableEnergy
