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European electricity market review 2023: coal and gas down significantly

Last year, the EU saw a record 19% drop in fossil fuel electricity generation, with coal and gas making up less than a third of its electricity mix for the first time. Coal generation plummeted by 26% to its lowest level ever, representing just 12% of the mix, while gas generation decreased by 15%, marking its largest annual reduction since 1990. In 2023, EU power sector emissions fell by a record 19% (-157 million tonnes of CO2) which means that emissions have almost halved since 2007. Meanwhile, wind and solar generated over a quarter (27%) of the EU’s electricity, a […]

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