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illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:
🗞️ Driving the news: Wind and solar power have reached a record high in the EU, generating 30% of the region's electricity in the first half of 2024, surpassing fossil fuels at 27%
• This marks a significant milestone, with 13 EU countries now producing more electricity from renewables than from fossil sources
🔭 The context: The growth in renewable energy is driven by favorable policies and investments, alongside the decreasing reliance on fossil fuels
• Mild weather conditions and strong hydropower performance also contributed to reduced fossil fuel usage
🌍 Why it matters for the planet: This shift significantly cuts carbon emissions and highlights the EU's progress towards energy independence and climate goals, reducing the region's exposure to fossil fuel market volatility
⏭️ What's next: Continued policy support and infrastructure improvements are crucial to maintain momentum
• This includes streamlining permitting processes and enhancing grid capacity for further renewable energy integration
💬 One quote: "We are witnessing a historic shift in the power sector, and it is happening rapidly," said Dr. Chris Rosslowe, Ember analyst
📈 One stat: Emissions from the EU's power sector were 31% lower in the first half of 2024 compared to 2022
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