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EU fossil fuel phase out reaches new high

EU fossil fuel phase out reaches new high

By Cassandra Tanti - January 27, 2021

It’s official. Renewables have overtaken fossil fuels as the European Union’s main source of electricity as new projects came online in 2020 and coal-power shrank.

A report by think tanks Ember and Agora Energiewende shows that renewable sources such as wind and solar generated 38% percent of the 27-member state bloc’s electricity in 2020, with fossil fuels such as coal and gas contributing 37%.

Denmark achieved the highest proportion of wind and solar power, which contributed 61% of its electricity needs in 2020. Ireland achieved 35% and Germany 33%.

Countries with the lowest share of renewables, below 5%, were Slovakia and the Czech Republic, the data released on Monday showed.

Curbs on homes and business designed to limit the spread of the novel coronavirus led to a 4% drop in overall electricity demand in the EU last year, but the impact was felt more keenly by fossil fuel producers.

Coal-fired power generation fell 20% in 2020 and has halved since 2015, according to the report.

“Coal generation fell in almost every country, continuing coal’s collapse that was well in place before Covid-19,” it said.

Many European countries are phasing out polluting coal-plants in order to meet emission reduction targets, but low electricity prices amid the pandemic lockdowns also made some coal plants unprofitable to run compared with cheaper renewable generation.

“Renewables will keep rising, because we keep installing more and more. The jury’s out as to whether fossil fuels will rebound but if they do rebound it’s not expected to be by a lot,” Dave Jones, Ember’s senior electricity analyst said.

 

(Monaco Life with Reuters, photo source: Pixabay)

 

 

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