Record High for EU Renewable Energy, 40-Year Low for Fossil Fuels

"The Numbers: Solar power now accounts for 11% of EU electricity generation, surpassing coal which has dropped below 10% for the first time in 2024. Renewable sources collectively contribute to 47% of EU power generation, resulting in a reduction of $61 billion in fossil fuel imports since 2019. Why It Matters: The transition to renewable energy sources is crucial for enhancing EU energy independence and achieving climate objectives. This shift has been accelerated by the Russian invasion of Ukraine and the ambitious Green Deal policies, aiming to achieve a 55% reduction in emissions by 2030."