The Energy Revolution™ welcomes the EU Commission’s move to classify natural gas as sustainable following the College of Commissioners political agreement which will be formally adopted once translations are available in all EU languages.
In order to achieve climate neutrality by 2050 a great deal of private investment is needed to step up the transition by drawing on all possible solutions to help us reach our climate goals. The Commission considers there is a role for gas and nuclear activities in the transition as they will fulfil environmental safety requirements and the transition away from coal to renewables.
Alan Dodd CEO founder of The Energy Revolution™ said “this is fantastic news as it opens up more opportunities for combined heat and energy (CHP) solutions which provide two sources of energy from a single fuel. Not only is this a more cost-effective form of generation than traditional grid supplied power, but it is also far better for the environment.”
We need to act now…
Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, said: “Our mission and obligation is climate neutrality. We need to act now if we are to meet our 2030 and 2050 targets. Today’s Delegated Act is about accompanying the EU economy in the energy transition, a just transition, as a bridge towards a green energy system based on renewable energy sources. It will accelerate the private investment we need, especially in this decade”.
Mairead McGuinness, Commissioner in charge of Financial Services, Financial Stability, and Capital Markets Union, said: “The EU is committed to achieving climate neutrality by 2050 and we need to use all the tools at our disposal to get there. Stepping up private investment in the transition is key to reaching our climate goals.
Funding provides instant reduction & stability in energy costs…
The Energy Revolution™ provides CHP solutions to lower dependencies on grid supplied energy either on a capital purchase basis or as a funded “own the solution, not the equipment” basis. The funding provides instant reduction and stability in energy costs and a significant decrease in carbon emissions without the risk associated with ownership. To find out how the EU’s move to classify natural gas as sustainable can help you.
Source: EU Commission