EPIA is engaging with the Commission’s services and relevant stakeholders, making sure that solar technologies are being prioritised in this initiative. Only a resilient, consumer-focused and clean energy infrastructure can improve Europe's energy independency, reduce CO2 emissions and enable consumers to control their energy bills, while stimulating employment and growth throughout the continent.
This is a great opportunity for the solar sector and EPIA will be at the forefront of ensuring that the sector is very well provided for in this multi-billion European initiative.
The power sector is currently responsible for more than 40% of all CO2 emissions, and about 25% of our total greenhouse gas emissions. While the share of electricity within the total global energy consumption is expected to increase, its greenhouse gas emissions must decrease sharply. Solar and wind power’s scalability, speed of deployment and plummeting costs make them the ideal choice to bring about the early emissions reductions needed to keep global mean temperature rise below 2⁰ C.
Prices of solar and wind have dropped dramatically in the past few years thanks to rapid technology development and scale up, and this trend will continue. The International Energy Agency estimates that solar system prices have reduced by two thirds in six years in most markets, and that solar electricity prices could decrease by 65% by 2050. Solar is already competing directly with heavily subsidised conventional sources in many markets around the world.
Solar, wind and low-carbon flexible assets are at the centre of power system. Solar and wind will make a huge contribution to global CO2 emissions reduction while powering the world in a cost-effective manner. In order to facilitate the energy transition and unleash the potential of solar, global leaders need to agree on aggressive emission reduction targets, a phase out of fossil subsidies*, an effective price on CO2 emissions, and functioning electricity markets that accurately value solar energy.
Powering the world with clean and affordable energy, solar and wind are crucial to decarbonise the global power sector and effectively fight climate change. This is the message that EPIA carried at the United Nations Climate Summit, COP20, in Lima, during an official press conference jointly organised with GWEC, the Global Wind Energy Council.
*According to the IEA fossil fuel subsidies currently stand at ~110/USD/tonne CO2.
Benjamin Fontaine, Senior Communications Advisor
EPIA has linked up with the Energy Digital magazine to produce an editorial feature on the solar sector in Europe. Following a foreword by EPIA CEO James Watson, EPIA Members have the opportunity to be profiled, showcasing their business or organisation, activities and services in the form of a company report.
Energy Digital is an online magazine which is distributed to over 365,000 individual senior industry executives - every issue focusing on UK, Europe, Africa, Middle East and North America. As an EPIA Member, there is no cost to be profiled in the magazine. Instead, Energy Digital team will ask EPIA Member’s permission to approach key suppliers and vendors to invite them share in the exposure with an advertisement for their own business.
Richard Thomas (+44 1603 217 537), Regional Director of Europe for the magazine, is responsible for this special report and might contact you shortly. We hope you will find this opportunity interesting and helpful for your business.
By Giorgia Concas, Policy Advisor
EPIA, together with 19 national renewable energy associations, has issued a Joint Statement calling on the European Commission to ensure fair and consistent regulatory frameworks in cost-effective deployment of solar photovoltaics in Europe. The associations are urging European leaders to restore confidence within the solar sector.
Read the Joint Statement here.
Following the presentation on 26 November by Commission President Juncker of the details of the €300bn investment package, EPIA CEO Dr. James Watson stated:
By Alexandre Roesch, Head of Regulatory Affairs
On 21 November 2014, five organisations from the European energy sector, including EPIA, sent an Open Letter calling on the European Commission to focus on empowering citizens and building smart & efficient infrastructure while achieving jobs, growth and investment in Europe and building a resilient Energy Union with forward-looking climate policy.
To read the full letter, please click here.