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European Union Sets a Higher Benchmark in Renewable Energy Adoption


EU Renewable Energy Adoption Surpasses Global Average

The latest figures from Eurostat reveal that the European Union’s commitment to renewable energy has not only strengthened its energy supply but also surpassed the global adoption rate. In 2022, renewables accounted for 18.9 percent of the EU’s total energy supply, notably above the 13.9 percent global average recorded in 2021.

Insights From Eurostat’s Comparative Analysis

This data is part of Eurostat’s comprehensive publication, Key Figures on the EU in the World, which blends European statistics with international sources, offering a detailed overview of the EU’s standing on the global stage. The report underscores both the progress and the challenges as renewable energy integration continues to evolve across different regions.

Global Variations in Energy Policy

Among 14 non-EU countries that contribute at least 1.0 percent to the world’s total energy supply, Brazil emerged as a global leader with renewable sources contributing an impressive 46.1 percent of its energy mix. In stark contrast, Saudi Arabia’s reliance on renewable energy remains marginal at just 0.1 percent of its total energy supply. These figures highlight the significant disparities in renewable energy adoption and signal varied strategic approaches among nations.

Strategic Implications For Energy Policy

The EU’s higher reliance on renewable energy not only reflects its proactive strategies in sustainability but also reinforces its competitive edge in global energy markets. As countries navigate the transition towards cleaner energy sources, the EU’s example serves as a benchmark for integrating renewables into national energy portfolios effectively and efficiently.


Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.

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