IEA, after COVID the EU can accelerate the energy transition

IEA, after COVID the EU can accelerate the energy transition

The Agency’s recommendations for implementing the Green Deal and building a sustainable economic recovery

According to IEA (International Energy Agency), the European Union has the possibility of accelerating the energy transition in post-COVID-19 reconstruction. To achieve this goal, the EU will have to use the resources from the Green Deal and the next € 750 billion of the Recovery Fund.
In a report of over 300 pages, the agency based in Paris indicates to the EU Commission the way forward of reaching the decarbonization targets for 2030 and 2050. IEA has identified a number of action areas that are particularly important for the transition. These include the promotion of large-scale programs to revive the sector, eliminating existing obstacles for implementation of new projects and investing in technologically advanced industries and infrastructures. Furthermore, the development of new technologies to achieve climate neutrality and constant monitoring of energy security is essential.
“With its recovery plans, the EU will be able to reboot the economy, create jobs and support the long-term transformation of the energy sector,” said Fatih Birol, IEA Executive Director, presenting the relationship with Kadri Simson, EU Commissioner for Energy.

Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.

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26 June 2020 - 09:27 CEST