Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Chevron to cut nearly 800 jobs in Texas Permian basin

May 30, 2025

Exxon plans to operate Guyana ‘as usual’ if it loses Chevron-Hess arbitration

May 30, 2025

Ecopetrol will push on with gas drilling in Colombia after Shell exit – Oil & Gas 360

May 29, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » EU on Track to Hit 2030 Emission Reduction Aim: Official Analysis
Middle East

EU on Track to Hit 2030 Emission Reduction Aim: Official Analysis

omc_adminBy omc_adminMay 28, 2025No Comments5 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The European Commission has claimed the European Union is on course to curb greenhouse gas (GHG) emissions by 55 percent by 2030 relative to 1990 as targeted by the European Climate Law, though it said efforts need to go beyond existing policies.

The projection is based on an assessment of the 27 member-states’ latest National Energy and Climate Plans (NECPs). The Commission noted Belgium, Estonia and Poland had yet to submit their final NECPs. Member stated had been given a deadline of June 2024 to file their final NECPs.

“Based on an analysis of Member States’ projections in the submitted plans, the Commission estimates that total net GHG emissions in 2030 will decrease by around 54 percent compared to 1990, showing that the EU is well on track to reach its 2030 target”, stated the assessment report, published Wednesday.

“This relies on full implementation of the Member States’ existing and additional policies and measures as well as of EU policies”, the report said.

For domestic transport, buildings, agriculture, small industry and waste, the EU is projected to be two percentage points short of meeting the 40 percent reduction goal by the end of the decade relative to 2005, as specified by the Effort Sharing Regulation (ESR).

“12 Member States expect to reach their 2030 ESR targets with existing and additional policies and measures (up from 8 in the draft plans), while 6 more expect to reach their targets by using available domestic flexibilities”, the report said. “5 Member States expect to have a gap to their 2030 targets”.

Most member states have measures to decarbonize roads, rails, ports, airports and other transport infrastructure, in concert with EU policies such as CO2 standards for vehicles and the Alternative Fuel Infrastructure Regulation. However, some countries still offer support for fossil-fueled vehicles, in collision with emission reduction objectives. These support schemes should be phased out, the report said.

On renewable energy, most member states have declared national contributions that are in line with the Renewable Energy Directive’s target to raise the share of renewables in the overall regional energy mix to 42.5 percent by 2030. However, current national ambitions present a gap of 1.5 percentage points, according to the report.

“Contributions put forward by Member States signal a strong commitment to renewables deployment but indicate a 41 percent renewable energy share in gross final energy consumption by 2030”, the report said.

“At the same time, a more optimistic assessment based on Member State projections suggest that the EU could reach a figure of 42.6 percent, demonstrating the potential to go further”, it said, noting that between 2022 and 2024 EU nations installed about 205 gigawatts of renewable power capacity.

“This represents significant progress compared to the 33.1-33.7 percent renewable share projected in the original 2019 final NECPs and is also higher than the overall share resulting from the draft updated NECPs that were due to be submitted in June 2023”.

“As part of a European Grid Package in the last quarter of 2025, the Commission will work to further streamline and simplify EU legislation and reduce permitting times including with targeted updates to environmental legislation, which will be crucial for removing barriers to renewable projects, infrastructure development and energy storage”, the report said. “This will be particularly relevant for the buildings and industry sectors.

“The focus will be on increasing energy storage capacity to create a favorable framework for investments in renewables-based electrification”.

According to a study published May 13 by Beyond Fossil Fuels, E3G, Ember and the Institute for Energy Economics and Financial Analysis, a conservative estimate indicated 1,700 GW of renewable energy and hybrid projects were waiting for grid connections across 16 European countries in 2024-25.

The projects on queue represented a capacity that exceeds the additional installation needed to reach national energy and decarbonization goals by 2030, according to the think tanks.

They blamed outdated planning and policies that are slowing the upgrade and build-out of electricity highways.

“The analysis of 32 electricity transmission system operators (TSOs) across 28 countries finds that many are still using outdated scenarios rooted in old government targets and market assumptions”, the think tanks said in a statement. “These scenarios do not reflect the exponential growth in renewables on the ground and act as a systemic handbrake on building a flexible grid capable of absorbing increasingly high shares of renewables”.

The European Network of TSOs for Electricity and the European Commission have not replied to Rigzone’s requests for comment on the TSO analysis.

To contact the author, email jov.onsat@rigzone.com

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 90 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools

May 29, 2025

Bureau of Land Management Leases 3 Parcels in New Mexico

May 29, 2025

Wood Secures $2B of Contract Awards Across APAC in Last 12 Months

May 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views

Permian Basin growth fuels ExxonMobil’s quarterly success – Oil & Gas 360

May 2, 20251 Views

Ecopetrol will push on with gas drilling in Colombia after Shell exit – Oil & Gas 360

May 29, 20250 Views
Don't Miss

Chevron to cut nearly 800 jobs in Texas Permian basin

By omc_adminMay 30, 2025

(Bloomberg) — Chevron Corp. plans to lay off nearly 800 employees in the…

Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million

May 29, 2025

Hitachi Energy Powers One of China’s Largest Green Hydrogen Projects with Transformer Technology

May 29, 2025

SAP Launches New Sustainability Data Management and AI Solutions to Drive Business Performance

May 29, 2025
Top Trending

Trump violating right to life with anti-environment orders, youth lawsuit says | Trump administration

By omc_adminMay 29, 2025

OMV to Build One of Largest Green Hydrogen Plants in Europe

By omc_adminMay 29, 2025

Socialsuite Launches AI-Powered Double Materiality Assessment Solution

By omc_adminMay 29, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Federal appeals court temporarily reinstates Trump tariffs | International Trade News

May 29, 20250 Views
Our Picks

Exxon plans to operate Guyana ‘as usual’ if it loses Chevron-Hess arbitration

May 30, 2025

Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools

May 29, 2025

bp delivers first gas from Mento field, offshore Trinidad

May 29, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.