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For the first time, wind and solar generated more of the European Union's electricity than fossil fuels during the first half of the year. Wind and solar accounted for an all-time high of 30% of the region's energy needs, according to an analysis by the think tank Ember . In a separate report , Ember forecasted a global LNG supply glut by 2026 and a substantial drop in EU gas demand by 2030. But the rush to increase LNG exports from places like the US ignores the reality of rapidly declining gas demand in Europe, she added. Ember's report said that while it's unclear how swiftly fossil-fuel use will drop across Europe, a pipeline of solar and wind projects suggests this tipping point could be permanent.
Persons: it's, Chris Rosslowe, Ember, Sarah Brown, Brown, Rosslowe Organizations: Service, Business, US Energy Information Administration Locations: Europe, Russia, Ukraine, Canada, Germany, Spain, France, Netherlands, Belgium, Australia, Qatar, Asia
The boost in renewables comes as Europe tries to wean itself off Russian gas, as Moscow reduces, even cuts off, European nations’ energy supplies to gain leverage in the conflict. Wind and solar energy accounted for a quarter of EU electricity since the start of the war. Chris Ratcliffe/Bloomberg/Getty ImagesNineteen of the EU’s 27 member states have achieved record wind and solar generation since March, the report found. Fossil gas still made up around 20% of the EU’s electricity in the same period, at a cost of around €82 billion ($80.7 billion). The report’s key message is simply: “More renewables, less inflation.”Nonetheless, European energy prices are still high.
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