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Letter on carbon: Has the EU ETS come of age?
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
Europe in race to unlock CDR investment
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
An end to EU green illusions
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
China eyes global collaboration on CCUS
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
EU’s binding CCS targets: A burden or a blessing?
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Carbon border tax exemptions to become law
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
China eyes expansion of emissions trading system
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
Carbon shipping vital for EU CCS value chain
Maritime technology will help industry scale and enable the development of CCS projects in Southern Europe
EVs China EU
Tom Young
29 April 2021
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EV sales unaffected by pandemic – IEA

Sales in the sector are growing fast thanks to strong consumer demand and policy support from governments

Electric vehicles (EVs) will displace 3.4mn bl/d of oil by 2030 under the IEA sustainable development scenario, adding 850TWh to annual electricity demand. The global EV fleet consumed just over 80TWh in 2020, according to the IEA’s Global EV outlook, released today. The report found that sales in the sector are growing fast and were largely unaffected by the Covid-19 pandemic last year— unlike sales of petrol and diesel vehicles. “EVs have show remarkable success” Gul, IEA “EVs have shown some remarkable success,” says Timur Gul, head of energy technology policy at the IEA, speaking at the launch of the report. “There is one reason — government policy.” China and Europe Around 3mn E

Also in this section
Letter on carbon: Has the EU ETS come of age?
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
Can Oxy’s integrated CO₂ approach set a new benchmark for transition-era oil companies?
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
Letter from London: Show me the carbon
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
Letter from Europe: Western retreat raises doubts over climate leadership
Opinion
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined

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