Energy in a low-carbon world: trade in fossil fuels plummets, global energy self-sufficiency increases
A modelling exercise for a 1.5°C global warming scenario shows that energy trade shrinks to account for 13% of global energy demand in 2050, and energy production goes local as renewables increase to reach 75% share of energy supply.
The European Union has granted EUR 1.8 billion through its Innovation Fund to 16 innovative projects that will avoid about 125 million tonnes of CO₂ emissions in the first 10 years of operation.
European Green Deal: new rules agreed on applying the EU emissions trading system in the aviation sector
The Commission welcomes the deal reached this week between the European Parliament and the Council to help make the aviation sector ‘Fit for 55', setting in law its contribution to our target of reducing net greenhouse gas emissions by at least 55% by 2030.