Coalition, including Microsoft and Amazon, urge EU to back 35% renewables target

By Sophie Chapman
A coalition that comprises of some of the largest companies in the world has formed in order to urge EU energy ministers to back a renewable...

A coalition that comprises of some of the largest companies in the world has formed in order to urge EU energy ministers to back a renewable energy target during a meeting on 18 December.

The coalition includes Amazon, Microsoft, IKEA, Unilever, Dupont, and Philips, and aims to convince ministers to support a renewable energy target of 35% by 2030.

“A strong investment signal is key to further positioning industries with large investment potential in supporting Europe’s clean energy goals,” wrote the coalition.

“Signatories of this declaration therefore urge member states to support a renewable energy target of at least 35% by 2030,” the coalition added.

The corporate groups, including the RE100 initiative, launched the appeal prior to the meeting held in Brussels, that will discuss the potential of sourcing 27% of the bloc’s energy from renewables by 2030.


The coalition believes this target is too low, and will not spur investment within renewable energies.

“We believe that the post 2020 Renewable Energy Directive can deliver this target by ensuring stable and predictable national deployment policies and securing existing investments.”

The coalition has asked for ministers to lift regulatory barriers in regards to corporate renewable power purchase agreements (PPAs), which they argue will aid a renewable transition.

According to the groups, corporate PPAs “enable large energy consumers in the IT, chemicals, heavy industries and other sectors, to secure a supply of clean electricity at a competitive price.”

“They also provide financial certainty for renewable energy providers and are therefore increasingly relevant as renewables become exposed to market dynamics.”


Featured Articles

5 minutes with Stuart Broadley, Energy Industries Council

EIC CEO Stuart Broadley reveals the challenges that lie ahead for oil and gas firms now net zero is becoming an increasingly important goal for businesses

SAP: Is 'complex' wind energy supply chain slowing adoption?

SAP digital supply chain and manufacturing expert Darcy MacClaren warns complex logistics and complicated regulations are limiting wind energy adoption

Decentralised energy key to circumventing grid delays

Aggreko is advising the sector to consider short to mid-term decentralised energy solutions as an effective means of maintaining business continuity.

Renewable energy to become top source of electricity by 2025

Renewable Energy

Nuclear energy — the unsung hero of the climate challenge

Renewable Energy

UK and US announce energy partnership

Oil & Gas