🆕Bruegel: Europe’s 2040 climate target faces four critical risks. How can they be managed?🌍 With PRISMA project colleagues: Gunnar Luderer, Robert Pietzcker, @JohannesEmm, Rupert Way, Renato Rodrigues and Severin Reissl. bruegel.org/policy-brief/e…

NEW🚨President von der Leyen pledged to deliver a 90% emissions reductions target for 2040 in the new mandate. A series of risks threaten this move. My colleague Conall Heussaff and co-authors describe them, and explain how they can be overcome. bruegel.org/policy-brief/e…

🆕There are four risks that could derail progress towards the EU's 2040 climate target In this paper, Conall Heussaff, Gunnar Luderer, Robert Pietzcker, @JohannesEmm, Rupert Way, Renato Rodrigues and Severin Reissl make recommendations to address each one bruegel.org/policy-brief/e…

[Policy Brief] #Energy & #Climate: #Europe’s 2040 climate target: four critical risks and how to manage them, by Conall Heussaff, @JohannesEmm, Gunnar Luderer, Robert Pietzcker, Severin Reissl, Renato Rodrigues & Rupert Way | Bruegel pubaffairsbruxelles.eu/opinion-analys…

📰 Identifying areas for EU-UK energy and climate cooperation w/ Conall Heussaff Simone Tagliapietra Bruegel 1⃣ Electricity markets (push for smooth trade) 2⃣ Carbon markets (avoid unhelpful trade barriers) 3⃣ International climate diplomacy (leverage shared ambition) More

Ireland is a global leader when it comes to the technical challenge of integrating variable renewables into the power sector 🇮🇪 - from the International Energy Agency Renewables 2024 report

WOW – The IEA has boosted its latest renewable forecast by another 16% Just 9 months ago, in January 2024, its Renewables 2023 report forecast 3,200GW of capacity – mainly wind and solar – would be built around the world during the five years 2024-2028. Now, in Renewables 2024,

Essential clean techs continue to slide down the cost curve, as pointed out by my colleague Jacob below. This is perhaps the best reason for optimism about the energy transition, as we point out in our recent paper on the EU's bold 2040 climate target⬇️ bruegel.org/policy-brief/e…

#SaveTheDate | The 2024 edition of the European Climate and Energy Modelling Forum (#ECEMP2024) is starting tomorrow and IAM COMPACT will be there! ✨Don't miss out our sessions!✨ #iamcompact #energymodeling #climatechangemitigation #ClimateCrisisAction

After the Age of Coal & Age of Oil, the world is moving rapidly into the Age of Electricity ⚡️ Electricity has recently grown 2x as fast as total energy demand. But from now to 2035, it's set to grow 6x as fast, driven by EVs, ACs, chips, AI & more More: iea.li/3BEGtk7

Looking forward to presenting this morning at ECEMP on our stakeholder engagement strategy in IAM COMPACT

Here's where EV adoption sits today.

.@Keliauskaite and myself discuss three options on the future of Ukrainian gas transit: 1) no more transit 2) Azeri-mirrage 3) tight EU framework As 1) is politically very challenging, 2) is too 'dirty', 3) Vol-limits and tariffs might be a compromise. bruegel.org/analysis/end-r…

The green transition demands strategic collaboration. The Clean Trade and Investment Partnerships offer a promising path. Yet, governance gaps must be addressed to ensure their full potential. With Simone Tagliapietra bruegel.org/first-glance/m…

Another reason for energy transition optimism: the Global South is adding renewables to its electricity mix at a much faster rate than the Global North. - from the RMI's 'Powering Up the Global South' report, rmi.org/insight/poweri…

🆕 Companies in the USA are investing more (≈ 2bn quarterly) into solar manufacturing facilities than European counterparts since the announcement of the inflation reduction act. A finding from joint research with Rhodium Group and Bruegel available 👇

🆕Interesting research finds a tripling in smart energy tariffs available for European consumers. Flexible demand is crucial for future system of EVs, heat pumps and renewables

Required reading for those trying to make sense of the US election result in the frame of EU and global energy and climate policy, by my colleagues Simone Tagliapietra and Cecilia Trasi

Cooperation with the EU on energy & climate issues just became a lot more attractive for the UK and Labour Party. With Conall Heussaff Simone Tagliapietra we shared some first thoughts on how this might look bruegel.org/analysis/ident…

In a recent op-ed, Bruegel’s Conall Heussaff argues that a 2040 emissions target could be at the heart of the EU's climate goals. But addressing trade, economic and social risks is key to its success. bit.ly/48S9LIL