Renewable energy plays an important and growing role in the energy system of the European Union. The Europe 2020 strategy included a target of reaching 20% of gross final energy consumption from renewable sources by 2020, and at least 32% by 2030. The EU27 reached 22.1% in 2020, up from 9.6% in 2004, but declined to 21.8% in 2021. These figures are based on energy use in all its forms across all three main sectors, the heating and cooling sector, the electricity sector, and the transport sector.
Electric energy consumption is energy consumption in the form of electrical energy. About a fifth of global energy is consumed as electricity: for residential, industrial, commercial, transportation and other purposes. Quickly increasing this share by further electrification is extremely important to limit climate change, because most other energy is consumed by burning fossil fuels thus emitting greenhouse gases which trap heat.
The Edison Electric Institute (EEI) is an association that represents all U.S. investor-owned electric companies.
A low-carbon economy (LCE) or decarbonised economy is an economy based on energy sources that produce low levels of greenhouse gas (GHG) emissions. GHG emissions due to human activity are the dominant cause of observed climate change since the mid-20th century. Continued emission of greenhouse gases will cause long-lasting changes around the world, increasing the likelihood of severe, pervasive, and irreversible effects for people and ecosystems. Shifting to a low-carbon economy on a global scale could bring substantial benefits both for developed and developing countries. Many countries around the world are designing and implementing low-emission development strategies (LEDS). These strategies seek to achieve social, economic, and environmental development goals while reducing long-term greenhouse gas emissions and increasing resilience to the effects of climate change.
Spain is one of the first countries to deploy large-scale solar photovoltaics, and is the world leader in concentrated solar power (CSP) production.
Snam S.p.A. is an Italian energy infrastructure company. As of 31 December 2022, it had a market capitalization of €15.2 billion. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility operates in Italy and, through associated companies, in Albania (AGSCo), Austria, China, France (Terēga), Greece (DESFA), the UAE and the United Kingdom. It is one of the main shareholders of the Trans Adriatic Pipeline (TAP). Snam is the main Italian operator for the transport and dispatching of natural gas in Italy, having almost all the transport infrastructures in Italy, with 32,727 km of gas pipelines in operation in high and medium pressure and over 41,000 km including international activities. First in Europe for natural gas storage capacity, the company is also one of the main continental operators in regasification for a total pro quota capacity of approximately 8.5 billion cubic meters per year. Snam is one of Europe's main regulated gas companies - leading Italy in gas transport and storage, while ranking third in regasification. Snam also aims to invest in new energy transition businesses to reduce environmental impact and decarbonisation: sustainable mobility, energy efficiency, renewable gases such as biomethane and hydrogen. The company is listed on the FTSE MIB index of the Borsa Italiana since 6 December 2001.
Solar power consists of photovoltaics (PV) and solar thermal energy in the European Union.
A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price. Such agreements play a key role in the financing of independently owned electricity generators, especially producers of renewable energy like solar farms or wind farms.
The economy of Gujarat, a state in Western India, has significant agricultural as well as industrial production within India. Major agricultural produce of the state includes cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2015, with 1.2% of the labour force being unemployed.
Between 1992 and 2022, the worldwide usage of photovoltaics (PV) increased exponentially. During this period, it evolved from a niche market of small-scale applications to a mainstream electricity source. From 2016-2022 it has seen an annual capacity and production growth rate of around 26%- doubling approximately every three years.
The electricity sectors of the Republic of Ireland and Northern Ireland are integrated and supply 2.5 million customers from a combination of coal, peat, natural gas, wind and hydropower. In 2022, 34 TWh were generated. In 2018 natural gas produced 51.8%, while wind turbines generated 28.1%, coal 7%, and peat 6.8% of Ireland's average electricity demand. In 2020 wind turbines generated 36.3% of Ireland's electrical demand, one of the highest wind power proportions in the world. While the United Kingdom was one of the first countries in the world to deploy commercial nuclear power plants, the island of Ireland has never had a nuclear power plant built on either side of the Irish border. Nuclear power in Ireland was discussed in the 1960s and 1970s but ultimately never phased in, with legislation now in place explicitly forbidding its introduction.
The Polish energy sector is the sixth largest in Europe. The scale of energy consumption in 1996–2015 increased from 139,593 GWh to 161,438 GWh. According to the data of Polskie Sieci Elektroenergetyczne (PSE), electricity production in October 2020 amounted to 13,553 GWh; domestic consumption amounted to 14,798 GWh.
Despite the historic usage of wind power to drain water and grind grain, the Netherlands today lags 21 of the 26 other member states of the European Union in the consumption of energy from renewable sources. In 2022, the Netherlands consumed just 15% of its total energy from renewables. According to statistics published by Eurostat, it was the last among the EU countries in the shift away from global warming-inducing energy sources. The leading renewable sources in the country are biomass, wind, solar and both geothermal and aerothermal power. In 2018 decisions were made to replace natural gas as the main energy source in the Netherlands with increased electrification being a major part of this process.
Solar power in France including overseas territories reached an installed capacity figure of 11.2 GW in 2020, and rose further to 17.1 GW at the end of 2022. Government plans announced in 2022 foresee solar PV capacity in France rising to 100 GW by 2050.
Under its commitment to the EU renewable energy directive of 2009, France has a target of producing 23% of its total energy needs from renewable energy by 2020. This figure breaks down to renewable energy providing 33% of energy used in the heating and cooling sector, 27% of the electricity sector and 10.5% in the transport sector. By the end of 2014, 14.3% of France's total energy requirements came from renewable energy, a rise from 9.6% in 2005.
An energy transition is a significant structural change in an energy system regarding supply and consumption. Currently, a transition to sustainable energy is underway to limit climate change. It is also called renewable energy transition. The current transition is driven by a recognition that global greenhouse-gas emissions must be drastically reduced. This process involves phasing-down fossil fuels and re-developing whole systems to operate on low carbon electricity. A previous energy transition took place during the industrial revolution and involved an energy transition from wood and other biomass to coal, followed by oil and most recently natural gas.
Renewables supply a quarter of energy in Turkey, including heat and electricity. Some houses have rooftop solar water heating, and hot water from underground warms many spas and greenhouses. In parts of the west hot rocks are shallow enough to generate electricity as well as heat. Wind turbines, also mainly near western cities and industry, generate a tenth of Turkey’s electricity. Hydropower, mostly from dams in the east, is the only modern renewable energy which is fully exploited. Hydropower averages about a fifth of the country's electricity, but much less in drought years. Apart from wind and hydro, other renewables; such as geothermal, solar and biogas; together generated almost a tenth of Turkey’s electricity in 2022. Türkiye has ranked 5th in Europe and 12th in the world in terms of installed capacity in renewable energy. The share of renewables in Türkiye’s installed power reached to 54% at the end of 2022.
Turkey uses more electricity per person than the global average, but less than the European average, with demand peaking in summer due to air conditioning. Most electricity is generated from coal, gas and hydropower, with hydroelectricity from the east transmitted to big cities in the west. Electricity prices are state-controlled, but wholesale prices are heavily influenced by the cost of imported gas.
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The 2021–2023 global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy supply, and escalated into a widespread global energy crisis following the Russian invasion of Ukraine. The price of natural gas reached record highs, and as a result, so did electricity in some markets. Oil prices hit their highest level since 2008.
