Europe: EU to Surpass 2030 Renewable Energy Goal

Europe: EU to Surpass 2030 Renewable Energy Goal

The European Union looks set to slightly beat its goal to get a third of its energy from renewable sources by 2030, but public support will be needed to offset a drop in clean power investment due to COVID-19, the bloc’s top energy official said.

EU countries’ latest energy policy plans would see the bloc surpass its target by 1 percentage point, EU Energy Commissioner Kadri Simson said in June 2020.

Renewable sources including wind, solar, hydropower and bioenergy made up just under 19% of final EU energy consumption in 2018.

Previous versions of energy policy plans suggested the bloc would miss its 2030 renewables target by up to 3 percentage points.

Simson said the EU would push tens of billions of euros into clean energy projects from its proposed coronavirus recovery fund to ensure the economic crisis caused by the pandemic does not thwart its green goals.

“In the context of the crisis and the fall of renewable energy investments, we must make sure that progress in this area continues,” Simson said.

The International Energy Agency expected global growth in new renewable energy capacity to slow for the first time in two decades in 2020, as the pandemic caused financing challenges and delayed construction projects.

It said renewable power additions should rebound in 2021 to the 2019 level, but this would depend on continued government support.  Reuters

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