Europe managed to reduce carbon emissions
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representing the electrical industry in Europe Eurelectric The latest figures shared by show that Europe’s carbon emissions have fallen significantly. in the old continent carbon emissions dropped 59 percent compared to 1990 levels. A decrease of 13 percent was observed compared to the previous year.
The European Union in 2024 48 percent of electricity needs were met from renewable energies. The share of nuclear energy was announced as 24 percent. The proportion of energy obtained from fossil fuels dropped to 28 percent. Wind energy accounts for most of the 48 percent market share of renewable energy. Solar energy ranks second in this category.
The most significant developments in the technology world in 2024
The Cost of Electricity in the European Union Decreased by 16 Percent
Europe has begun to reap the rewards of its investments not only by reducing carbon emissions, but also financially. in the European Union The average cost of electricity used daily decreased by 16 percent compared to the previous year. In 2023, the average cost of 1 MWh of electricity in European Union countries was 97 euros. In 2024, this figure dropped to 82 euros. Moreover, until the last quarter of the year, this figure was around 76 euros. When the increase in gas prices in the last quarter of the year was added to the decrease in solar and wind energy production, the average price of 1 MWh of electricity increased to 82 euros.
These data shared by Eurelectric once again revealed that investing in renewable energy not only reduces carbon emissions but also reduces energy costs. On the other hand, the problems experienced in the last quarter revealed the importance of diversifying renewable energy sources.
Another striking detail in Eurelectric’s 2024 report was the decrease in industrial electricity consumption in Europe. Especially in Germany, industrial energy consumption appears to have decreased significantly, which does not bode well for Europe.
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