New York, Aug. 03, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Europe Energy Transition Market Trends and Analysis by Sectors Major Players and Policies, 2023” – https://www.reportlinker.com/p06482538/?utm_source=GNW
This outlook provides analysis and trends on Europe’s energy transition from non-renewable to renewable sources. A 2030 outlook predicts renewables will experience a rapid growth in power capacity and generation outlook in the region, due to the acceleration of investment towards net zero targets.- Renewables accounted for 52% of the European power market in 2022 and are expected to increase to 66% by 2030.
– As several countries have strict policies on phasing out coal and reducing fossil fuel use and emissions, there is firm progress on decommissioning thermal capacity.
– The transportation sector is the second largest GHG emission contributor in the EU, accounting for almost 20% of the total emissions in the region.
– There are over 90 CCS projects being planned in the EU, most of which are planned to be in the North Sea, holding an annual abatement potential of 80 million tonnes of CO2.
– Hydrogen accounts for a 13% share of the global capacity.- Regional Energy Transition in Europe
– Policies supporting energy transition
– Power renewable capacity and generation by 2035 and thermal decommissioning capacity
– Electric vehicles market and growth
– Renewable refineries in the EU
– CCS capacity and main industries adopting CCS
– Main hydrogen developments and hydrogen capacity in Europe- Identify the last trends, policies and leaders in energy transition technologies.
– Develop market insight of current, in development and announced capacity and latest trends of each of the sectors.
– Understand the potential market growth and policy support for renewable power, hydrogen, renewable refineries, CCS, EVs.
– Facilitate the understanding on where the market is growing as it positioned as one of the main topics of the international agenda.
Read the full report: https://www.reportlinker.com/p06482538/?utm_source=GNWReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
(GlobeNewsWire)