EU Raises Target for Renewable Energy to 42.5%

2023-09-14 10:11:33

According to the European Commission, about 130 GW of renewable energy projects (equivalent to about 120 billion cubic meters of natural gas) are awaiting EU approval.

The EU's 42.5% renewable energy target bill was voted through by the European Parliament on September 12 , according to the Digital

New Energy DataBM. Com.

According to the bill, in the context of accelerating the development of clean energy globally, the proportion of renewable energy in the EU's energy structure will increase from 30% to 42.5% by 2030.

The legislation also says that by allowing renewable energy projects to be considered of overwhelming public interest and streamlining the permitting process , state authorities can approve renewable energy projects in as little as two years at most .

EU Energy Commissioner Kadri Simson said the upgrade was aimed at "the right signal to attract the large-scale investment needed" and that "the new licensing process will change the rules of the game for renewable energy deployment".

According to the European Commission, about 130 GW of renewable energy projects (equivalent to about 120 billion cubic meters of natural gas) are awaiting EU approval.

Over the weekend, leaders of the G20 economies, which account for about 80% of the world's greenhouse gas emissions, agreed to a difficult goal of tripling renewable energy generation by 2030 at a summit. But they also failed to set a timetable for the ultimate goal of fossil fuel use. In March

this year, the EU proposed to raise the previous target of 32% renewable energy to 42.5% by 2030, but the proposal has been under negotiation due to disagreement among EU member States.

Belgium proposed raising its renewable energy target, but final approval was delayed after France better recognized and wanted to promote nuclear power projects (nuclear power accounts for about three quarters of its energy mix).

In the end, France made a small concession on the use of nuclear energy to produce hydrogen.

France's insistence also forced the European Parliament to compromise, and Brussels promised in writing that it would consider exempting some hydrogen plants from renewable fuel targets and allowing them to use nuclear fuel.

In the European Parliament on Tuesday, France finally voted in favor of nuclear fuel after obtaining permission. The 42.5% renewable energy target was finally approved in Parliament on Tuesday, with 470 members voting in favour, 120 against and 40 abstaining . France's delay,

however, reflects a broader trend within the European Union, in which member States seek relief from climate laws that affect their energy mix.

Germany has secured bigger subsidies for so-called electric vehicle fuel in rules phasing out internal combustion engines by 2035, while Poland is suing the European Commission over a series of rules that threaten its energy security.

The Renewable Energy Directive is part of the EU's Green Deal climate law, which aims to position the EU as a leader in environmental regulation. But since the announcement in 2019, the EU has fallen behind in the global cleantech race as it tries to compete with huge subsidies from China and the US.

"We need to be careful in the EU," said Markus Pieper, the German politician who led the negotiations on the renewable energy law. "Our energy mix is 24% renewable, twice as much as in the world, but the EU was up to last year. The installed capacity of wind power is only half of the global average.

He also called for an "import strategy" for green hydrogen, arguing that the EU cannot produce all the clean energy it needs at home. The

European Union's renewable energy law also sets standards for hydrogen production, but environmentalists are controversial because it allows biomass to be burned for energy. "Burning scarce and valuable wood and other major biomass resources could affect the EU's climate and nature objectives," said Elise Attar, head of EU policy at

the UN-backed body Principles for Responsible Investment. Policymakers are already working on future revisions to renewable energy rules that would "exclude tax incentives or other support for the use of biomass for heating and electricity generation,"

she said.

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