Think GeoEnergy – New 2030 EU Renewable Energy Targets behind industry expectations

Think GeoEnergy – New 2030 EU Renewable Energy Targets behind industry expectations

In a statement on the newly agreed EU 2030 Renewable Energy Targets various renewable energy groups give their cautious approval to the outcomes of the negotiations between the European Union co-legislators on the Renewable Energy Directive, but consider them to not be sufficient to reach requirements of the climate mitigation objectives set in the Paris Agreement.

As European leaders agree on a 2030 target, the renewable industry waits to be impressed, so the first reaction by a group of renewable energy organisations in Europe.

The renewable energy industry associations give a cautious approval to the outcomes of the negotiations between the European Union co-legislators on the Renewable Energy Directive, setting the objective for renewable energy deployment in the upcoming decade. The 32% renewable energy target to 2030 is a welcome improvement compared to what had been proposed back in November 2016, which was based on outdated assumptions set in 2014. Yet, it does not quite set the European Union on a pathway consistent with the requirements of the climate mitigation objectives set in the Paris Agreement.

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