EU sets new target of reaching 32% renewable production by 2030

By Sophie Chapman
The European Union (EU) has decided to increase the share of renewable energy in its power production to 32% by 2030.

The European Union (EU) has decided to increase the share of renewable energy in its power production to 32% by 2030.

The union’s new target is higher than it had originally planned, yet it still remains lower than other governmental goals, Reuters reported.

Initially the EU suggested a renewable energy target of 27% but following a meeting between energy ministers on 11 June the new goal was set.

The conclusive law also states that the EU will phase out palm oil by 2030 in order to reduce greenhouse gas emissions.

SEE ALSO:

 

In the review period, the bloc targets a 40% reduction of greenhouse gas emissions against a 1990 baseline.

The focus on emissions ultimately aims to follow the Paris Climate agreement and keep global warming below 2 degrees.

“The agreed 2030 binding target of 32 percent should be seen as a starting line for the race to greater ambition,” stated Wendel Trio, Director of the Climate Action Network Europe, Reuters reported.

The EU aims to reach 20% of renewable power in its mix by 2020, however experts argue a higher target could be set with the cost of renewables dropping.

Share
Share

Featured Articles

Energy cyber threats: what are the motives for disruption?

With energy in the spotlight, cyber threats are increasing and the risks of disruption to these networks is one that could impact economies globally

NEOM’s green hydrogen energy business sees financial close

As part of Oxagon project—an urban city reimagine—NEOM Green Hydrogen Company (NGHC) successfully closed investments to drive renewable energy innovation

Octopus Energy’s Electroverse launches business EV charging

Creating a one-stop solution for customers and electric vehicle drivers to pay for and manage their EV charging at home and in public locations

Wood Plc and SGN accelerate their UK plans to adopt hydrogen

Renewable Energy

Delayed grid connections slow energy decarbonisation efforts

Renewable Energy

Bramble Energy gains new partners in hydrogen fuel-cell

Technology & AI