The Centre for Research on Energy and Clean Air (CREA) has recently released a report on the use of fossil fuels in the European Union (EU), which shows that over the past year, EU has made rapid progress in reducing greenhouse gas emissions. The report shows that EU has made rapid progress in reducing greenhouse gas emissions over the past year, with fossil fuel emissions reaching a 60-year low in 2023.
Although the overall economic situation in Europe has been greatly affected since the 2020 epidemic, thanks to EU’s long-held low-carbon policies, the power structure in EU has gradually lower its GHG emission in the past few years. With the proportion of renewable energy sources, such as wind, solar, hydropower and nuclear energy continuing to rise, the power generation industry’s GHG emissions have been reduced by 25% year-on-year.
Coal consumption has increased over the past few years due to the Russian-Ukrainian conflict that began in 2022. After gradually balancing supply and demand in EU and the uses of new technologies, GHG emissions from coal consumption fell by 25% in 2023 compared to 2022, and by 45% compared to 2015. Meanwhile, GHG emissions from natural gas consumption in the EU in 2023 have fallen by 11%.
Taken together, the EU’s demand for coal and natural gas has been declining over the past year, but demand for oil has not changed much, with GHG emissions from oil consumption falling by only 2% over the past year compared to the previous year.
Since the end of 2023, the Chinese government has been pushing even harder to promote carbon neutrality. In recent 2 months, several departments of centre government issued guidance and notifications, requesting governments at all levels to actively provide carbon-neutral facilitation policies for enterprises, including policies on investment promotion, enterprise financing, talent introduction, and special tax reductions.
Among them, the introduction of enterprises from developed countries and regions with advanced emission reduction technologies and the learning and transformation of technologies are also important tasks for governments at all levels in 2024.
At present, China’s energy structure is still dominated by fossil energy, and the goal of achieving carbon neutrality by 2060 has been set, requiring that the proportion of China’s future consumption of non-fossil energy should reach more than 80%. Combined with the current situation of carbon neutrality in various countries and indeed in the world, there will be a great deal of room for cooperation between China and Europe in the long term in terms of how to reduce carbon emissions, carbon neutrality technology, and other related proposals.
China Europe Carbon Neutral Technology aims to support and substantially contribute to China and Europe path towards carbon neutrality in a holistic and inclusive way by gathering all the stakeholders and creating solutions for each challenge.
China Europe Carbon Neutral Technology will play an active and innovative role in providing services to conceive, shape, design and accomplish the transitions needed to achieve carbon neutrality.