The EU raises its target to more ambitious one, to reach 32% renewable energy by 2030. And, by the end of 2023, the goal could be even higher.

The EU is raising its target for the amount of energy it consumes from renewable sources, in a deal lauded by the bloc’s climate chief as a hard-won victory for the switch to clean energy. Energy ministers agreed a binding renewable energy target of 32% by 2030, up from the previous goal of 27% , but fell short of the hopes of some countries and green groups for a more ambitious share. The EU council deal caps 18 months of negotiations. It was welcomed by the renewables industry and the trade body for European energy utilities called it: “a well-balanced compromise”. Deterring onshore windfarms means higher energy bills – Lord Deben Read more The talks saw the UK call for a target of 30%, below the 32% a newly pro-renewables France wanted and the 35% that new governments in Spain and Italy argued for. The EU has set a target of 32% renewable energy by 2030Percentage of energy consumption from renewablesEUUK051015202004200620082010201220142016Guardian Graphic | Source: Eurostat Miguel Arias Cañete, EU climate commissioner, said: “This new ambition will help us meet our Paris agreement goals and will translate into more jobs, lower energy bills for consumers and less energy imports.” He added that the binding nature of the goal would provide certainty to investors. Whether the target will apply to the UK after it leaves the EU will depend on the exit deal reached by London and Brussels. The agreement also includes plans for a 2023 review on whether the target should be bumped even higher. Around 17% of EU energy consumption in 2016 was from renewables , with the UK on about 9%. Green energy advocates argued the existing 2030 target was unambitious because member states were already on track to exceed it. Sign up to the daily Business Today […]

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