#Sustainability

2026-07-02

Renewables lower energy prices and play key role to reduce vulnerability to fossil fuel supply shocks

Renewables lower energy prices and play key role to reduce vulnerability to fossil fuel supply shocks Boosting the use of homegrown renewable electricity is Europe’s best way to reduce its vulnerability to volatile international energy supplies and rising energy prices according to a European Environment Agency (EEA) assessment published today.

Global gas price spikes this year cost the European Union an additional €13 billion by mid-April, while renewables saved €29 billion. This means renewable energy sources are already shielding Europe from price shocks — and could do so far more — acting as a powerful buffer against gas price volatility, as highlighted in the EEA briefing ‘Renewable electricity: best buffer against gas price volatility'.

Europe’s fossil vulnerability

With around 85% of all gas and 97% of all oil products consumed in the EU in 2024 imported, Europe remains exposed to externa supply shocks with direct implications for competitiveness and strategic autonomy. This continued dependence on fossil fuel imports means European consumers are paying a considerable gas volatility premium especially in wake of external political and economic shocks. In the last five years these have included the war in Ukraine and the closure of the Strait of Hormuz due to the recent the US-Israel-Iran conflict.

Renewables: Europe’s future proofing on prices and beyond

Stepping up the deployment of renewables like wind and solar, could lessen Europe’s fossil fuel import dependence and prevent a potential 125% rise in wholesale prices by 2030, according to the briefing which involves assessing price and renewable rollout scenarios. This is based on a 68% growth of renewable energy use of total EU electricity generation, according to projections from EU Member States in the most recent 10-year network development plans.

The EEA briefing cautions, however, that renewables alone will not deliver price gains. As renewable electricity shares rise, price benefits increasingly depend on grids, storage and demand response to integrate variable solar and wind. Faster electrification of buildings, transport and industry must be matched by parallel progress in renewables, grids, storage, efficiency and demand response to avoid locking in additional gas-fired capacity.

Balanced progress across supply, demand, grids and storage — supported by pricing that favours electrification — is essential to deliver sustained price reductions, the briefing says.

These measures are explored at greater detail in the EEA report ‘Renewables, electrification and flexibility -

For a competitive EU energy system transformation by 2030’.

Circular economy offers the EU win-win on environment and economy

Stepping up a circular economy offers the European Union the potential for significant positive impacts on Europe’s environment and poses an untapped and strategic economic opportunity in terms of better access to materials and the creation of new businesses. Three new assessments on circularity, published today by the European Environment Agency (EEA), also stress the need to accelerate investment in circularity efforts to meet EU climate and environment policy targets.

State of Europe’s environment not good: threats to nature and impacts of climate change top challenges

State of Europe’s environment not good: threats to nature and impacts of climate change top challenges Significant progress has been made in reducing greenhouse gas emissions and air pollution, but the overall state of Europe’s environment is not good, especially its nature which continues to face degradation, overexploitation and biodiversity loss. The impacts of accelerating climate change are also an urgent challenge, according to the European Environment Agency’s (EEA) most comprehensive, ‘state of environment’ report, published today. The outlook for most environmental trends is concerning and poses major risks to Europe’s economic prosperity, security and quality of life.

What are the impacts of PFAS polymers on our health and the environment?

The widespread use of PFAS polymers in everything from consumer products to green technologies can lead to contamination of water, air, soil, food and people. A European Environment Agency (EEA) assessment, published today, says that these chemicals can also contribute to global warming and ozone depletion.

DyStar releases FY2025 sustainability report, marking a new milestone towards its 2030 targets

DyStar, a leading specialty chemicals company with more than a century of expertise in product development and innovation, today announced the release of its FY2025 Sustainability Report, marking a significant milestone in its sustainability journey and reinforcing its commitment to long-term value creation.

HKRITA signs MoU with Jeanologia and Looptworks to establish the Green Machine Circular Textile Ecosystem

The Hong Kong Research Institute of Textiles and Apparel (HKRITA) yesterday officially signed a landmark Memorandum of Understanding (MoU) with two key global partners, Jeanologia and Looptworks, to establish the Green Machine Circular Textile Ecosystem – a first-of-its-kind collaboration to accelerate the large-scale recycling of blended textiles.

Recover™ and Ünteks Group partner to scale recycled cotton in knitwear

Recover(TM), a global producer of low‐impact, high‐quality recycled cotton fiber, announces a new partnership with Ünteks Group, a vertically integrated textile manufacturer based in Turkey. The collaboration focuses on the development of circular knit fabrics and garments, combining Recover’s recycled cotton fiber with Ünteks Group’s integrated capabilities across knitting, dyeing, printing, and garment production.

STEELTOP®: A new benchmark in flat tops for spinning preparation

Modern carding generations achieve higher production performance, placing significantly greater stress on flat tops. Higher cylinder speeds and increased fiber density, combined with tighter carding gaps, create more demanding operating conditions. At the same time, poorer raw material quality and the increased use of recycled materials further intensify these challenges. With STEELTOP®, Trützschler introduces a new full steel flat top series developed for these demanding modern carding processes.

YKK develops concept EXCELLA® zipper tape using nonwoven fabric partially derived from used clothing

YKK Corporation has developed a concept version of its premium EXCELLA® zipper series made from nonwoven fabric sheets created by fiberizing used clothing and other textile materials. Based on a proposal by fashion designer Yuima Nakazato, this item was created as a result of collaboration between Nakazato, Seiko Epson Corporation and YKK. The concept zipper was incorporated as a material component for pieces in the newest YUIMA NAKAZATO Couture Collection, “INFERNO,” which was unveiled in Paris, France on July 8, 2026.

Texworld Apparel Sourcing Paris highlights evolving global sourcing landscape

From 31 August to 2 September 2026, Texworld Apparel Sourcing Paris will bring together more than 1,000 international exhibitors at Paris-Le Bourget Exhibition Centre. This edition reflects the new global balance of textile and apparel sourcing, highlighting a strong diversity of sourcing countries — some unexpected.