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  HOME | Oil & Energy (Click here for more)

EU Sets Target of Reaching 32% in Renewable Energies by 2030

STRASBOURG, France – The European Union agreed on Thursday to set a minimum target of increasing the share of renewables to 32 percent of its energy production by the year 2030, following a long night of negotiations between the European Parliament, the European Commission and the European Council.

The deal is a compromise between the 27 percent initially demanded by member states and the 35 percent sought by the EP in order to comply with the European targets set out in the 2015 Paris climate accord.

“Deal! New 32-percent renewables target for 2030. Renewables are good for Europe, and today, Europe is good at renewables. This deal is a hard-won victory in our efforts to unlock the true potential of Europe’s clean energy transition. Thank you all!” the Commissioner for Energy and Climate Action, Miguel Arias Cañete, said on Twitter after the agreement was made official.

The deal comes after countries such as Spain or Italy, which both have newly-formed governments that campaigned on a pro-renewables platform, lobbied for a more ambitious goal than the one initially floated during Monday’s meeting of the EU’s energy ministers in Luxembourg.

 

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