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Climate warning

Europe's right wing swing may stall energy transition momentum


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https://www.reuters.com/markets/commodities/europes-right-wing-swing-may-stall-energy-transition-momentum-2024-06-13/


Gains by right wing parties in the recent European Parliament elections may stall the development of a slew of renewable energy projects across Europe.
Populist, nationalist and eurosceptic parties are on course to win just under a quarter of seats in the next European Union (EU) assembly, according to the chamber's own projections.
And with nationalist prime ministers already leading Hungary, Italy and Slovakia, and right wing parties gaining influence in Germany, France, Spain and The Netherlands, the tenor of Europe's political landscape looks set for an overhaul.
Spiralling living costs and concerns over rapid rises in immigration were major drivers of votes for right wing parties across the region, who will now help set European Union policies for the next five years.
Pushback against the mounting costs of the green energy transition was also a vote-getter in countries with large farming sectors that have been hit hard by rising energy and fertilizer costs in recent years.
A more right-leaning parliament may make it harder to pass ambitious climate policies during the upcoming term, and may even lead to the scrapping of some renewable energy development plans if project timetables get extended or pricing terms get revised unfavourably.
CLEAN PIPELINE
Across Europe as a whole, there are roughly 650,000 megawatts (MW) of clean energy capacity in pre-construction, which is when plans are designed and the necessary permits and resources are lined up, Global Energy Monitor (GEM) data shows.
Europe energy capacity development pipeline
Europe energy capacity development pipeline
That planned total compares to around 714,000 MW of clean energy capacity already in operation across Europe, and means that Europe's total clean generation capacity would roughly double if all the pre-construction projects come to life.
Just over 75% of Europe's clean energy projects in pre-construction are within the 27 nations that form the European Union, and so may now come under closer scrutiny by incoming parliament members who may not share the same ambitions as their predecessors.
BREAKDOWN
Of the roughly 491,000 MW of clean energy capacity in pre-construction within the EU, 61% is for wind projects and 35% for solar farms.
Nuclear reactors account for an additional 3% of the planned clean capacity, while hydro dams account for a further 2%.
Around 25,000 MW of oil and gas infrastructure are also in the pre-construction phase, compared to around 195,000 MW of oil and gas projects already in operation, GEM data shows.
Regionally, Northern Europe hosts the lion's share of planned projects, with just over 302,000 MW of clean capacity in pre-construction.
Europe's clean energy capacity pipeline in pre-construction
Europe's clean energy capacity pipeline in pre-construction
Southern Europe has the next largest share of planned clean capacity, with around 250,000 MW, followed by Western Europe's 57,300 MW. Eastern Europe has around 40,160 MW of clean capacity in pre-construction.
WIND VS SOLAR, NORTH VS SOUTH
Wind farms account for 85% of the planned capacity in Northern Europe, where wind power currently accounts for around 43% of operating clean power capacity.
The roughly 256,000 MW of wind projects in pre-construction compares to just under 68,000 MW of wind capacity already in operation in Northern Europe, and so would result in a nearly four-fold jump in wind capacity if completed.
Sweden has the largest pipeline of wind capacity in pre-construction (95,516 MW), followed by the United Kingdom (89,063 MW), Ireland (37,772 MW), Spain (33,943 MW) and Italy (29,464 MW).
Greece, Denmark and The Netherlands also have large wind development plans in the pre-construction phase.
In Southern Europe, solar power holds the largest share (60%) of the 250,000 MW of clean capacity pipeline in pre-construction.
Of the nearly 150,000 MW of solar in pre-construction in Southern Europe, Spain (86,762 MW) and Greece (52,323 MW) account for the largest pipelines.
In Eastern Europe, nuclear plants account for the largest share of the 40,159 MW of clean power capacity in pre-construction (17,000 MW), followed by 13,149 MW of wind projects and around 5,500 MW of solar.
Western Europe's largest pipeline in pre-construction is wind power, accounting for around 40,500 MW of the 57,300 MW total planned clean capacity.
POLITICAL FALLOUT
The rise in right wing candidates across Europe does not necessarily mean there will be greater opposition to clean energy projects, as many policymakers view greater supplies of home-grown energy as a source of national security and jobs.
But many of the incoming bureaucrats who are riding the populist wave of support may hold other priorities, such as promoting economic growth and low-cost manufacturing bases, over power sector decarbonisation.
As such, these lawmakers may have the power to slow or blunt legislation that aims to speed up Europe's energy transition, which could result in fewer clean capacity projects reaching completion than are currently planned.

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131 more agrees trigger scaled up advertising

  • rosebellendiritu

    15 w

    It's about time that we did strive to bringing about change in our planet before the effects of climate change are irreversible.

    2
    • Joseph Githinji

      33 w

      This is a great hinderance towards attaining sustainability and creating green energy systems.

      6
      • We Don't Have Time

        33 w

        Dear Boniface Kuria Your climate warning has received over 50 agrees! We have reached out to European Parliament by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        4
        • Princess

          33 w

          This shift in political dynamics may lead to reduced support for green policies, delaying critical initiatives needed for a resilient and sustainable future.

          4
          • Saustine Lusanzu

            33 w

            This is not acceptable at all! We need immediate transition led by wealth countries

            5
            • Rukia Ahmed Abdi

              33 w

              It's sad to see influential countries who also major contributors to the climate crisis shifting from transitioning to clean energy and slowing their progress.

              4
              • Sarah Chabane

                33 w

                What is happening in some part of tje EU is very scary

                6
                • walter lungayi

                  33 w

                  This is so alarming since it will be destroying efforts put in place to transition to greener future.

                  7
                  • Gorffly mokua

                    33 w

                    This could indeed hinder the progress of the energy transition, potentially slowing down crucial efforts toward sustainability and climate goal⚠⚠⚠

                    12
                    • Boniface Kuria

                      33 w

                      @gorffly_mokua I wish we didn't elect climate deniers to positions of leadership.

                      5
                      • Saustine Lusanzu

                        33 w

                        @gorffly_mokua Exactly and this should be termed as criminal issue since it is involving costing people's lives

                        4
                      • Kevin

                        33 w

                        This would be very defeating. The legislators should do the right thing.

                        12
                        • Boniface Kuria

                          33 w

                          @Kevin Consequences of electing the wrong people.

                          6

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