29 October 2018 2018 11:13 AM GMT

InnoEnergy, Deloitte: Smog Reduction Can Save European Citizens €183bn By 2025

Radical new research launched by InnoEnergy, Europe’s sustainable energy engine supported by the EIT, reveals that EU citizens are set to pocket €183bn by adopting innovative smog-reduction technologies over the next seven years.

The report, entitled Clean Air Challenge and produced in conjunction with Deloitte, comes in response to the European Commission’s findings that smog may account for as many as 1 in every 10 premature deaths in the world, and will cost the EU an astonishing €475bn between 2018 and 2025. That represents 2.9 per cent of average annual GDP.

Launched at an exclusive event with leading politicians and policymakers in Brussels, the report takes an in-depth look at the issue of air quality across the continent – highlighting concrete, innovative transport and heating solutions to protect European citizens from pollution and its impact on health.

Speaking at the event, Jerzy Buzek, Chair of the European Parliament Industry, Research and Energy Committee and former President of the European Parliament, says: “Smog is one of the most critical public health concerns of the century, accounting for as many as one in every ten premature deaths in the world – and over 400,000 premature deaths in Europe every year.

“The Clean Air Challenge report offers practical solutions that could help improve our citizens’ health and that could benefit the whole society. We must start implementing it throughout the EU without any delay.”

Diego Pavia, CEO at InnoEnergy, said: “It is shocking that in this day and age, smog should still pose such a risk to the health of our communities. Putting the huge economic cost to one side, there is no reason, with the technology that is becoming available to us, that citizens should not be able to breathe clean air.

“At InnoEnergy, we like to tackle problems head-on and this is no exception. Not only are we making available further research to better understand the issue and identify practical solutions, but we are also actively seeking opportunities to offer investment and wider support to ambitious businesses with passion and a plan to put a stop to smog.”

Irena Pichola, Partner, Leader of Sustainability Consulting Central Europe at Deloitte, said: “We must not forget that poor air quality affects people differently. For instance, there are huge regional variances in the causes and effects of smog, with most Western European smog coming from transportation, while heating produces the most pollution in the East.

“But, as mentioned in the report, wherever you look, the young are among the most affected. With an increase of 100 units of PM comes a reduction of average life expectancy of around 2.3 years among children by age 5. We are proud to work with InnoEnergy to look for solutions to an issue of such profound importance.”

InnoEnergy is the innovation engine for sustainable energy across Europe supported by the EIT.  It supports and invests in innovation at every stage of the journey – from classroom to end-customer. With its network of partners, it builds connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets.

It works in three essential areas of the innovation mix. Firstly, Education to help create an informed and ambitious workforce that understands the demands of sustainability and the needs of industry. Secondly, Innovation Projects to bring together ideas, inventors and industry to create commercially attractive technologies that deliver real results to customers. Thirdly, Business Creation Services to support entrepreneurs and start-ups who are expanding Europe’s energy ecosystem with their innovative offerings.

Bringing these disciplines together maximises the impact of each, accelerates the development of market-ready solutions, and creates a fertile environment in which the organisation can sell the innovative results of its work. InnoEnergy was established in 2010 and is supported by the European Institute of Innovation and Technology (EIT).

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

March 24th 2019
Clean Energy: Most Competitive Source of New Power Generation in the Middle East

Renewable energy is the most competitive form of power generation in GCC countries, according to a new report published by the International Renewable Energy Agency (IRENA). It says that achieving stated 2030 targets brings significant economic benefits to the region including the creation of more than 220 000 new jobs whilst saving over 354 million barrels of oil equivalent (MBOE) in regional power sectors. Furthermore, the power sector’s CO2 emissions can be reduced by 136 million tonnes (22%), while water withdrawals in the power sector can be cut by 11.5 trillion litres (17% reduction) in 2020.

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