CrisisWatch

Energy & climate change

EU solar industry in free fall …

New solar power installations in the EU have shown a drastic decrease between 2011 and 2012, according to the European Photovoltaic Industry Association’s (EPIA) “Global Market Outlook for Photovoltaics 2013-2017” published by the. According to EPIA,  “the results show clearly that Europe’s leading role in driving the global PV market is coming to an end. In 2011, Europe accounted for more than 70% of the world’s new PV installation...
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EU shows reluctance on major clean energy targets

In a crucial May 22nd summit, the European Council failed to show the much needed vision and leadership towards clean energy and phasing out of fossil fuels. Europe’s political leaders appeared reluctant to cut policy ties with the EU’s dependency on fossil fuels and tied the need for low-cost energy and industrial competitiveness to “silver bullet” options, such as shale gas. Although the summit conclusions reaffirmed the “implementat...
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EU Emissions Trading System: death by political myopia

As the global economic crisis has saddled the EU’ Emissions Trading Scheme (ETS) with a crushing oversupply of emissions credits and historically low prices, the European Parliament rejected the Commission’s proposal to offer a much needed bail out to its carbon market. The ETS, originally established as “a cornerstone of the European Union's policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions...
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EC’s 2030 energy green paper lacks ambition

The Commission's proposal for a “Green Paper – A 2030 framework for climate and energy policies”, which will be in public consultation until July, received a mixed reception, with some MEPs saying that it lacks ambition. Electricity industries, such as the associations Eurogas and Eurelectric, insist that the paper lacks specific targets and coherent measures. Renewable energy associations, such as wind EWEA and solar EPIA, call for targe...
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Thousands take to the streets of Romania against shale gas

In numerous dynamic protests in many cities of Romania, one of the poorest EU member states, thousands of citizens voiced a strong “no” to the plans of Chevron to drill for shale gas (CrisisWatch12). After winning a majority vote of confidence at the Parliament in December 2012, the government of Victor Ponta softened its pre-election position against hydraulic fracturing for shale gas (fracking) and decided to end the moratorium that had be...
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Europe leads global decline in clean energy investments

Political and economic uncertainty, primarily in key EU renewable markets such as Spain and Italy, appear to be the main drivers of the global decline in renewable energy investments. According to research by Bloomberg New Energy Finance, the rate of new investments in climate friendly energy fell worldwide by 11% during 2012. In the same time, global demand for oil continued along a slow growth path (88.9 million barrels per day in 2011 vs 89.7...
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