May 10, 2021 Read More →

Leaked EC plans show commission plans to push states for more renewables

OilPrice.com:

The European Commission intends to ask EU Member States to make an additional effort to increase their share of renewable energy in the power mix, according to a leaked draft of an official document revealed by Euractiv on May 4th. Brussels wants to upgrade its current 32% renewable energy target for 2030 to at least 38%, the document says.  By the same deadline, the Commission aims to have 55% less greenhouse gas emissions compared to 1990 levels, and a 32.5% improvement in energy efficiency. Hence, increasing the renewable energy target is logical as energy is one of the main contributors to GHG emissions on the continent. But Europe is already on the right path, as its energy-related CO2 emissions decreased by 8% during the first quarter of 2020 (compared to 2019 levels).

This revision comes as the European Commission is examining its Sustainable Investment Taxonomy, and is expected to come up with an updated version of the Renewable Energy Directive (RED II) by July 2021.

As renewable sources currently meet 20% of European energy needs, achieving the new target set by the Commission would mean doubling this proportion in only ten years. It currently has an installed solar capacity of 137 GW, of which 19 GW were added in 2020.

[Tatiana Serova]

More: Leaked EU Report Reveals Ambitious Renewables Agenda

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