European Union Key Figures
- Population:
- 448 million
- GDP growth rate:
- 3.65 %/year
- Energy independence:
- 42.9 %
Data of the last year available: 2022
- Total consumption/GDP:*
- 66.7 (2005=100)
- CO2 Emissions:
- 5.90 tCO2/capita
- Rate of T&D power losses:
- 39.7 %
* at purchasing power parity
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European Union Energy News
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European Union Energy Research
- European Union's Energy & Climate Policy Framework: The EU has implemented various energy and climate policies, including the REPowerEU Plan, to enhance energy security and reduce reliance on Russian fossil fuels. Key measures include mandating 30% of REPowerEU spending on cross-border energy projects, introducing the Affordable Energy Action Plan to lower costs, and launching the Clean Industrial Deal to support clean manufacturing. The EU has also set ambitious targets for renewable energy, energy efficiency, and emissions reductions, with updated National Energy and Climate Plans (NECPs) and new regulations on electricity market design, gas storage, and carbon pricing. Sanctions on Russian oil and gas imports have been tightened, and efforts are underway to phase out these imports entirely. The EU aims to achieve climate neutrality by 2050, with interim targets for 2030 and 2035.
- European Union's Energy Supply & Demand: The EU's energy mix in 2024 saw 66% CO2-free sources, with renewables at 43%. Solar capacity surged, while coal declined. Energy consumption stabilised, with oil and gas remaining dominant. CO2 emissions fell 36% below 1990 levels.
- European Union's Energy Use & Price by Sector: In 2024, EU final energy consumption rose slightly (+0.7%) after prior declines, with oil, electricity, and gas remaining the dominant sources. Prices fell from 2022-2023 peaks but stayed above 2019 levels. Sectoral demand saw transport and industry rebound, while residential and services stabilised. Electricity's share is projected to grow significantly by 2050.