State of the Energy Union 2021
On 26 October the European Commission published its annual State of the Energy Union’s report, which provides an evaluation on the implementation of the EU energy and climate policies in view of achieving climate neutrality by 2050. This year’s edition focused on year 2020 and the EU’s dual challenge of recovering from the impacts of the COVID-19 crisis and of climate change. The report was published on the eve of COP26, which took place in Glasgow.
The report outlines that in 2020, mostly due to the impact of the pandemic, the EU GHG emissions fell to 31% compared to 1990; 2020 was also the year where, for the first time, renewable energy overtook fossil fuels as the EU’s main power source. However, without Member States action, says the report, fossil fuel subsidies are likely to rebound as economic activity picks up. As of today, 9 EU Member States have completely phased out coal, 13 have published national commitments to do so by a certain date and 4 are still considering by when to do it.
The report also provides an overview of energy prices’ seesaw and the number of people at risk of energy poverty.
Overall, according to the analysis, the EU energy and climate trends in 2020 were quite positive but fell short of what is needed to really achieve the objectives of the Energy Union. Having said that, it also recognises that the adoption of the Climate Law and the newly published Commission’s communication in mid-2021 (under the Fit-for-55 package) marked a step forward towards the achievement of the abovementioned goal.
More information the State of the Energy Union Report can be found here.