Measures to limit European Union (EU) exposure to fossil fuel supply chain and energy price shocks are welcome, but many questions remain, clean energy associations have said.
With Europe having spent an additional €24 billion (US$28.09 billion) on fossil fuel imports in the first 50 days of the latest Middle East conflict alone, triggering energy price spikes for the second time in five years, th...
The European Commission’s AccelerateEU plan represents a strategic response to recurring energy price shocks, emphasizing electrification and energy storage as pillars of resilience. The strongest version of this narrative is that Europe is taking decisive action to reduce fossil fuel dependence, with clear targets and a recognition of the need for private investment. However, the plan’s effectiveness hinges on addressing gaps in implementation, particularly around energy storage. The focus on s...