Wind and Solar Growth: In 2023, wind and solar provided 27% of the EU's electricity, pushing renewables to 44% of total generation. Wind surpassed gas, with solar growth fueled by cost declines and policy support. Fossil Fuel Decline: Fossil fuels fell to under a third of the electricity mix, with coal and gas dropping 26% and 15%, respectively. Decarbonization: Power sector emissions fell by 19%, driven by renewable adoption and a 6.4% drop in electricity demand since 2021. Infrastructure Focus: Increased renewables emphasize the need for energy storage and enhanced grids. Policy Impact: EU targets and subsidies drive growth, but faster deployment and infrastructure investment are critical.
Wind and Solar Growth: In 2023, wind and solar provided 27% of the EU's electricity, pushing renewables to 44% of total generation. Wind surpassed gas, with solar growth fueled by cost declines and policy support. Fossil Fuel Decline: Fossil fuels fell to under a third of the electricity mix, with coal and gas dropping 26% and 15%, respectively. Decarbonization: Power sector emissions fell by 19%, driven by renewable adoption and a 6.4% drop in electricity demand since 2021. Infrastructure Focus: Increased renewables emphasize the need for energy storage and enhanced grids. Policy Impact: EU targets and subsidies drive growth, but faster deployment and infrastructure investment are critical.
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