In brief | 19 December '24

Eurostat: Renewables account for 24.5% of EU energy use in 2023

In 2023, 24.5 percent of gross final energy consumption in the EU came from renewable sources, up by 1.4 percentage points compared with 2022.

IISD: Fossil fuels – Governments provided USD 1.5 trillion from public coffers in 2023

Government support for fossil fuels reached at least USD 1.5 trillion in 2023. Germany’s fossil fuel subsidies are the second highest in the world, after Russia, says a report by IISD.

Carbon Brief: IPBES nexus report: Five takeaways for biodiversity, food, water, health and climate

“Fragmented governance” between biodiversity, climate change, food, water and health is putting all of those systems at risk, according to a major new report from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES).

Bloomberg: ECB pitches plan to boost insurance coverage for climate losses

Following increasing flood losses in Europe, central bank and insurance authority warn of ‘protection gap’.

Bloomberg: Europe gas retreats as Slovakia sees solution to Ukraine transit

European natural gas prices fell as Slovakia’s push to keep the fuel coming through Ukraine added optimism about the region’s supply next year.