Ticker
EU risks €87bn in stranded fossil fuel assets
By EUobserver
A report published on Thursday indicates that there is €87bn of under construction or proposed fossil gas infrastructure in the EU. Although the bloc is already oversupplied with fossil gas, import capacity would grow by 35 percent if all projects under construction or planned were completed. Meanwhile, it is estimated that gas consumption needs to decline 36 percent in the next decade to reach the EU's 2030 climate targets.