02

Sep

Fossil fuels’ share in EU power mix at lowest level since records began -report

By Kate Abnett BRUSSELS, Aug 30 (Reuters) - Fossil fuels produced just 33% of the EU's power in the first half of this year, the lowest share on record based…

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27

Jun

Renewables growth did not dent fossil fuel dominance in 2022, report says

Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical…

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16

May

Fossil fuel-centred growth is obsolete, says EU’s von der Leyen

An energy mix based on fossil fuels cannot deliver sustainable economic growth for future generations, European Commission President Ursula von der Leyen said on Monday as she sought to add impetus to…

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07

Dec

Global oil CEOs stress need for fossil fuels despite push for cleaner energy

A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come. The…

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07

Jun

EU countries give final approval to multibillion euro green transition fund

European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the…

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14

Apr

Seven European countries to halt export finance for fossil fuels

Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said. Coal, oil…

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27

Jul

EIB intents cutting funding for fossil fuel projects

The European Investment Bank has vowed to end its multibillion euro financing for fossil fuel projects by the end of next year in order to align its strategy with climate…

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