EU: Provisional agreement to reinforce EU renewable energy directive

Raise the EU's binding renewable target for 2030 to a minimum of 42.5% (from 32%)

Raise the EU's binding renewable target for 2030 to a minimum of 42.5% (from 32%)

The European Commission (EC) announced that a provisional agreement was reached today between the European Parliament and the Council to raise the EU's binding renewable target for 2030 to a minimum of 42.5% (from 32%). Negotiators also agreed that the EU would aim to reach 45% of renewables by 2030.

The provisional agreement also includes measures relating to:

  • Accelerated and simplified permitting procedures for renewable energy
  • Enhanced cross-border cooperation on renewables
  • Revised targets and measures to support the uptake of renewables across various sectors of the economy (e.g., heating and cooling sector, transport sector)
  • Enhanced system of guarantees of origin to improve consumers' information
  • Strengthened bioenergy sustainability criteria

Next steps

Today's provisional agreement must now be formally adopted. Once this process is completed, the new legislation will be published in the Official Journal of the Union and then become effective.

Background

The European Green Deal is the EU's long-term growth strategy to make the EU climate-neutral by 2050. To reach this target, the EU must reduce its emissions by at least 55% by 2030, compared to 1990 levels. This agreement is another important step in the adoption of the Commission's “Fit for 55” legislative package to deliver the European Green Deal. It follows other recent deals, most recently on sustainable fuels for shipping. Read TaxNewsFlash

 

 

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