EU lawmakers have agreed to increase the ambition of the bloc’s energy efficiency directive, making energy savings of 11.7% by 2030 mandatory in a bid to further the bloc’s climate and energy independence goals.
China is recognized as the undisputable global leader in renewable energy expansion, adding new projects to the grid almost as fast as the rest of the world combined last year. A massive wave of permits for new coal-fired capacity poses a significant challenge to the country’s climate goals, with Beijing seen as “the glaring exception to the ongoing global decline in coal plant development.”
European Union countries intend to push for a global phasing out of fossil fuels among their climate diplomacy priorities this year, which the bloc hopes to approve this week after rewriting a contentious section on nuclear energy.
HEPI provides granular insight into current and historical European residential energy prices in 33 European capital cities on a monthly basis starting from January 2009.
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