Total €811 billion expenditure includes planned clean energy spending of €299 billion as part of European Green Deal and additional investment of €512 billion.
Total €811 billion expenditure includes planned clean energy spending of €299 billion as part of European Green Deal and additional investment of €512 billion - Anadolu Ajansı
The European Union (EU) can replace Russian gas with green technologies by 2028 with a total capital expenditure of €811 billion ($890 billion), according to a new report on Tuesday from the Oxford Sustainable Finance Group, a part of the Smith School of Enterprise and the Environment at the University of Oxford. The report, The Race to Replace: The Economics of Using Renewables to Free Europe from Russian Gas, calculates the cost of fully replacing Russian gas for heating and electricity
Using Solar to Produce Oil: A Bridge to Sustainability or Simply Unethical? - Jan 24, 2021
The shift away from fossil fuels like oil towards reliance on renewables like solar will be decisive in many nations during the 2020s. By the end of this decade, the energy sources in use across the world will be far greener than they are today. There’s no controversy about this contention. Where common agreement becomes hard to find surrounds how soon such a shift should happen, and how many nations will have made a decisive shift by the end of 2030.
It is understood in this decade many nations and their energy providers will be in a transitional mode. To the minds of many eco-advocates, a good transition involves the scaling up of energy sources that are 100% renewable while scaling down fossil fuel sources. To others, they argue utilizing renewable energy to power fossil fuels can also assist in the transition even if critics contend such a move is deeply unethical and problematic.