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European Union Cutting €11 Billion In Gas Costs Via Record Growth In Wind & Solar

November 6, 2022/

PALM SPRINGS, CA - MARCH 27: Giant wind turbines are powered by strong winds in front of solar panels on March 27, 2013 in Palm Springs, California. According to reports, California continues to lead the nation in green technology and has the lowest greenhouse gas emissions per capita, even with a growing economy and population. (Photo by Kevork Djansezian/Getty Images)

The Russian invasion of Ukraine has sent one very clear message to Europe — ween yourself off dependence on Russian fossil gas, and gas in general. That led to record growth in wind and solar power this year, and a new analysis from E3G and Ember finds that the EU’s increase in wind and solar power deployment this year has led to €11 billion in gas cost savings.

 

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