Fossil energy is still important - TELF AG expert - Pledge Times. TELF AG energy trading expert Rick de Oliveira told Euronews that fossil fuels are still widely used in energy production. He gave two reasons for this – first, renewable energy sources do not have the necessary capacity and are intermittent, and second, they cannot provide the energy supply that we need to power and heat all of our homes. According to the Ember analytical center, after Russia’s invasion of Ukraine, the use of coal in electricity generation in the European Union increased by 1.5%. Eurostat reports that at the same time already in the third quarter of 2022 increased the total amount of greenhouse gas emissions in all 16 states of the European Union. Among all EU countries, Romania is in second place in terms of CO2 emissions. Rick de Oliveira, an energy trading expert at TELF AG, clarified that the lack of gas supply has affected its cost.
The lowest level of emissions is recorded in France. Up until 2016, investment support systems were in action.