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European Renewables Just Crushed Fossil Fuels. Here’s How It Happened
Key Excerpts from Article on Website of Forbes
Posted: August 15th, 2021
https://www.forbes.com/sites/davidrvetter/2020/07/23/europea...
It’s official: in the first half of 2020, and for the first time, Europe generated more electricity from renewable sources than from fossil fuels. Not only that, but electricity is proving cheaper in countries that have more renewables. From January to June, wind, solar, hydro and bioenergy generated 40% of the electricity across the EU’s 27 member states, while fossil fuels generated 34%. In the United States, by way of contrast, fossil fuels generated more than 62% of electricity last year, while renewables accounted for less than 18%. The EU figures, gathered and analyzed by U.K. climate think-tank Ember, represent a rapid acceleration in the decarbonization of the bloc’s electricity supply. Just five years ago, Europe generated twice as much electricity from coal as it did from wind and solar. Now, coal makes up just 12% of the EU-27’s electricity generation, while wind and solar alone provide 21%. The rosy results for green energy are in part a result of ... a reduction in activity caused by the coronavirus crisis. More broadly, the figures reflect the results of national energy policies, resulting in a 32% drop in electricity generated from coal across the EU. Austria and Sweden closed their last remaining coal-fired power plants in March, while Spain closed its coal fleet in June. Portugal’s coal generation fell a whopping 95%, and Greece’s dropped by a half. In Germany, Europe’s most populous country, electricity from coal dropped 39%—the largest fall in absolute terms.
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