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Europe challenged to step up as China's solar boom powers record renewable energy growth

Europe challenged to step up as China's solar boom powers record renewable energy growth

Euronews26-03-2025
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Installation of renewable energy worldwide hit a record high last year, with 92.5 per cent of all new electricity brought online coming from the sun, wind or other clean sources, an international agency reports.
Nearly 64 per cent of the new renewable electricity generated in 2024 was in China, according to Wednesday's report from the International Renewable Energy Agency (IRENA).
Overall, the world added 585 billion watts of new renewable electrical energy, a 15.1 per cent jump from 2023, with 46 per cent of the world's electricity coming from solar, wind and other green non-nuclear energy sources.
World still short of target to triple renewable energy
Even this big jump does not put the globe on track to reach the international goal of tripling renewable energy from 2023 to 2030. IRENA has calculated that the world is on pace to be 28 per cent short.
Related
'Breakneck speed': Renewables reached 60 per cent of Germany's power mix last year
Renewables stepped up to meet surge in energy demand from rising temperatures in 2024, IEA says
The goal was adopted in 2023 as part of the world's efforts to curb the increasing impacts of climate change and transition away from fossil fuels such as coal, oil and natural gas.
'
Renewable energy
is powering down the fossil fuel age. Record-breaking growth is creating jobs, lowering energy bills and cleaning our air,' United Nations Secretary-General Antonio Guterres said in a statement. 'But the shift to clean energy must be faster and fairer.'
China added almost 374 billion watts of renewable power - three-quarters of it from solar panels - in 2024. That's more than eight times as much as the United States did and five times what Europe added last year.
China now has nearly 887 billion watts of solar panel power, compared to 176 billion in the United States, nearly 90 billion watts in Germany, 21 billion watts in France and more than 17 billion watts in the United Kingdom.
UN climate chief challenges Europe to catch up with China
United Nations climate chief Simon Stiell used the figures on Wednesday to challenge
Europe
and other industrialised nations to catch up with China.
'As one government steps back from climate leadership, it opens up space for others to step forward and seize the vast benefits,' Stiell told European leaders in Berlin, making reference to US President Trump's
withdrawal from the Paris climate agreement
.
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'The clean energy transition can be Europe's economic engine-room now - when new sources of growth are vital to buttress living standards and for decades to come.'
Stiell said the IRENA numbers show that the 'global renewables boom is unstoppable' and said the market for green energy reached $2 trillion (€1.9 trillion) last year.
The move to renewables can grow even faster, said Neil Grant, senior policy analyst at Climate Analytics, which tracks and projects countries' climate change fighting efforts.
'If in 2024 renewables grew 15 per cent, think how much faster they could grow with the full backing of comprehensive, credible and ambitious climate policies around the world,' said Grant, who wasn't part of the IRENA report.
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The possible countries that could host a Zelenskyy-Putin summit
The possible countries that could host a Zelenskyy-Putin summit

Euronews

time2 hours ago

  • Euronews

The possible countries that could host a Zelenskyy-Putin summit

Ukraine's President Volodymyr Zelenskyy has been pursuing direct talks with his Russian counterpart Vladimir Putin almost since the beginning of Russia's full-scale invasion of Ukraine. The Kremlin has always refused. But with a recent push from Donald Trump, the possibility of a meeting is closer than ever. The question now is not only when, but where? The International Criminal Court (ICC) arrest warrant for Putin for the abduction of Ukrainian children limits the choice of location as he risks arrest in any of the court's 125 member states if he steps foot into their territory. Some of them are ready to make an exception though and have promised not to arrest Putin if he comes for a meeting which could put an end to the war against Ukraine. Switzerland is a possible option. The country's foreign minister said the country would be ready to host Putin for any possible peace talks despite the ICC arrest warrant. 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Earlier this month, President Mohamed bin Zayed Al Nahyan travelled to Russia for talks with Vladimir Putin, a meeting that highlighted the trust both sides place in the relationship. The only meeting between Zelenskyy and Putin Since Zelenskyy became president of Ukraine in 2019, his direct communications with Putin have been limited as Russia had already been occupying Ukrainian territory in the east and in Crimea. The two presidents have had only two phone calls and a single face-to-face meeting, all in 2019. Zelenskyy and Putin met for the first and only time in Paris, during a Normandy Format Summit, in the presence of the leaders of Germany and France. Behind closed doors, the two reportedly discussed issues that still remain relevant now, albeit on an even bigger scale; a prisoner exchange and ceasefire in eastern Ukraine. In the spring of 2021, as Russia started massing troops near Ukraine's borders ahead of its full-scale invasion, Zelenskyy offered to meet with Putin "anywhere in Donbas," the eastern region in Ukraine which Russia has been trying to fully occupy and annex for over a decade now. Putin declined, denying that Russia was a part of the conflict and instead invited Zelenskyy to Moscow. The meeting never happened. As Russia launched its full-scale invasion in February 2022, Zelenskyy again called for talks. Putin again rejected any dialogue on a presidential level, sending only a low-level delegation for the first attempted negotiations close to the Belarus border. Later, after the revelations of Russian forces' mass atrocities in Bucha - Ukraine's government says 458 civilians were killed - and other settlements around Ukraine's capital, Kyiv hardened its stance on communications with the Kremlin. Following Donald Trump's return to the White House, Ukraine's president renewed his push for direct talks with Moscow, now with the support of the US administration. In May, Zelenskyy made a surprise announcement that he was willing to meet Putin in Türkiye. Ukraine's president even travelled to Türkiye, but Putin didn't appear, instead sending a low-level delegation again. Actively trying to mediate between Kyiv and Moscow, Donald Trump has insisted that the meeting between Zelenskyy and Putin must take place. But the format remains unclear. One possibility is they will initially be bilateral, between Zelenskyy and Putin, and then include Trump later. That format could allow Trump to maintain his position of peacemaker in the case the meeting doesn't bring any tangible results. According to US media, Trump intends to leave Russia and Ukraine to organise a meeting between their leaders without playing a direct role for the time being, according to administration officials familiar with the situation, taking a step back from the negotiations to end Russia's invasion of Ukraine. But Trump reportedly told advisers that he does intend to host a trilateral meeting with the two leaders, but only after they have met first.

EU secures lower US car tariffs in new trade deal, but fails to protect wine
EU secures lower US car tariffs in new trade deal, but fails to protect wine

LeMonde

time3 hours ago

  • LeMonde

EU secures lower US car tariffs in new trade deal, but fails to protect wine

Details of a US-EU trade deal published on Thursday, August 21, showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector. US President Donald Trump and EU Commission President Ursula von der Leyen clinched a framework accord in July for most EU exports to face a 15% US levy. However, many aspects remained unclear, as the European Union sought to win carve-outs for some sectors and Trump threatened higher tariffs on others. A joint statement on Thursday brought some clarity, although negotiations are not over, as the EU said it would seek more tariff reductions. The "maximum, all-inclusive" 15% rate would apply to the vast majority of European exports, including cars, pharmaceuticals, semiconductors and lumber, the EU said. "This is the most favorable trade deal the US has extended to any partner," EU trade commissioner Maros Sefcovic told a press conference in Brussels, explaining the levy will not come on top of existing tariffs. In recent weeks, Trump has raised the possibility of additional tariffs targeting specific sectors such as pharmaceuticals, which account for 20% of the EU's exports to the United States, and semiconductors. Bison and wine Sefcovic said he was confident that the rate for cars, which is lower than the current 27.5%, will apply retroactively from August 1, having received assurances on the matter from his US counterpart. However, this will happen only once the EU introduces legislation to eliminate its own tariffs on US industrial products, something Sefcovic said the commission was "working very hard" on. The 15% rate will also apply to wine and spirits despite a push by France, Italy and other wine-making countries to win a zero tariff exemption. "Unfortunately, here we didn't succeed," Sefcovic said, adding negotiations would continue. "These doors are not closed forever." The French wine exporters federation said it was "hugely disappointed." "We are certain that this will create major difficulties for the wines and spirits sector," said Gabriel Picard, the head of the wine and spirits federation FEVS. Christophe Chateau, a spokesperson for a group representing Bordeaux wine producers, described this as "bad news" – but better than the worst-case scenario, with Trump who had at one point threatened tariffs as high as 200%. "It further hinders the trade and export of Bordeaux wines to the United States," which is by far their largest market, Chateau told Agence France-Presse. French Trade Minister Laurent Saint-Martin said his government would seek "additional exemptions" in the trade deal. Under the agreement, the EU committed to significantly improving market access to a range of US seafood and agricultural goods, including tree nuts, dairy products, fruits, vegetables, pork and bison meat. On the other hand, a special more favorable regime will apply as of September 1 to a number of EU exports to the US, including "unavailable natural resources" such as cork, aircraft parts and generic pharmaceuticals. These would effectively face a "zero or close to zero" rate, the commission said. "This is not the end of the process, we continue to engage with the US to agree more tariff reductions, to identify more areas of cooperation, and to create more economic growth potential," said von der Leyen.

Eurozone business activity hits 15-month high in August
Eurozone business activity hits 15-month high in August

Euronews

time3 hours ago

  • Euronews

Eurozone business activity hits 15-month high in August

Eurozone economic growth continued slowly in August, according to S&P Global's flash purchasing manager index (PMI), which provides the latest information on how businesses are performing. The composite PMI, including services and manufacturing, increased by 0.2 points in August to 51.1 points, suggesting that business activity grew at its fastest rate since May 2024. This suggests that eurozone GDP is growing at a 0.2% quarterly rate in August, in line with expectations, following a 0.1% GDP increase in the second quarter. However, "the pace of expansion remained frustratingly sluggish," noted S&P Global. Business activity in the bloc was mainly driven by new orders, which rose for the first time in 15 months, both for the manufacturing and services sectors. The steep post-pandemic downturn in the eurozone's manufacturing economy has ended, according to the flash manufacturing PMI, which rose above 50.0, marking growth in August for the first time since June 2022. Manufacturing output increased to 50.5 in August from 49.8 in July. The services PMI fell slightly but remained above 50 points (50.7), indicating growth. France posted improvements. According to the figures, the country's businesses are nearing stabilisation, and the PMIs came in just below 50 points. This indicates modest GDP growth in France so far in the third quarter, according to the report. Meanwhile, increased manufacturing activity helped Germany report a third successive monthly increase in overall output during August. But Europe's biggest economy also recorded a muted service sector performance. "The overall upturn in output was nonetheless the fastest since March, suggesting that German GDP looks to be on course to rise modestly again in the third quarter," according to S&P Global. The rest of the countries in the eurozone "continued to outperform Germany and France but lost some momentum in August, particularly in the services sector," noted Barclays in its analysis. On the labour market front, August's flash PMI indicated another small rise in eurozone employment. According to S&P Global, the PMI readings in August, for business activity and prices, as well as employment, indicate that there is room for the European Central Bank (ECB) to cut the key rates further. However, a small uplift in services inflation remains a risk. The ECB has now cut interest rates by 25 basis points eight times since June 2024, bringing the deposit rate to 2%. UK: fastest growth for a year In a separate dataset, the flash UK PMI survey for August indicated that the pace of economic growth has continued to accelerate over the summer, following a sluggish spring. The composite PMI came in at 53.0 points, up from 51.5 in July, rising to its highest for a year in August. According to S&P Global, this indicates that GDP is growing at a 0.3% quarterly rate. The growth was driven by the services sector. And although manufacturing output fell in August, it did so only marginally, pointing to stabilisation after a long period of sharp declines. The survey notes that demand for UK businesses remains fragile, sprinkled with concerns over the impact of recent government policy changes and broader geopolitical uncertainty. Meanwhile, goods exports are still falling, and payroll numbers continue to be cut. This is coupled with persistent inflation, leaving the Bank of England little room to cut key interest rates this year in order to boost the economy.

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