Today, members of the European Parliament voted on the Committee’s position on the post-2020 Renewable Energy Directive, steered by Spanish MEP José Blanco López. One year ago, the European Commission presented the Clean Energy for All Europeans legislative package, but it’s headline target of 27% renewable energy by 2030 fell short of its ambitions. The Industry Committee (ITRE) made important improvements to the original proposal of the European Commission. These improvements include: a binding target of at least 35% renewable energy for 2030; visibility to investors on public support for renewable energy deployment; a reinforced investment protection clause; and an improved framework for Guarantees of Origin and corporate renewable Power Purchase Agreements (PPAs).
While calling for higher ambition, the Industry Committee also strengthened the annual energy savings obligation. However, it failed to uphold national binding targets for renewable energy, which would help ensure that the overall EU renewable energy target is met.
Following the Industry Committee vote, it will then be the Council of the EU’s turn to define its position on the Commission’s proposals for a Renewables Directive and Governance Regulation at the Energy Council meeting on December 18. The European Parliament’s plenary will vote on its position early next year.
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