Renewables in electricity generation dominated the EU last year

In 2020, for the first time, more electricity from renewable sources than from fossil ones was produced in the European Union. This is apparent from the report of the think-tanks Ember and Agora Energiewende. Photovoltaics and wind were the biggest credit for the rise of renewables.

With the help of renewable energy sources, 38 percent of total electricity production was generated in the European Union last year. Fossil resources such as coal and natural gas accounted for only 37 percent of electricity production. In particular, the rise of solar and wind energy in recent years, as well as the decline in the importance of coal, are behind the change in the structure of the Eu-27 energy mix.

As of eight years ago, coal accounted for about one-quarter of the EU’s electricity generation, and today its share is about half that. By contrast, wind and solar have doubled their share to the current 20% since 2013.

Denmark relies most on renewables, where their share of electricity production has reached 61 percent. Ireland (35 percent) and Germany (33 percent) follow. On the other hand, the Czech and Slovak Republics reported the smallest share of renewables with less than five percent.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

AI Boom Beyond Nvidia stock: Which Lesser-Known Equities Are Riding the Wave?

For many investors, Nvidia stock has become almost synonymous with the...

FT: EU plans to remove barriers for banks’ cross-border capital flows

The European Union plans to remove barriers for banks...

Why find a credit card with a lower APR?

Credit cards can be useful financial tools. They make...

SpaceX on Wall Street: a historic IPO and the first trading days

The SpaceX listing ranked among the largest IPOs in history, raising $85.7 billion. Massive investor demand expanded the capital that the company will now use to finance its next phase of development.

CD Ladder Calculator: How to Build a Smarter Savings Strategy

A CD ladder calculator can help savers plan how to earn...
spot_img

spot_imgspot_img