The European Commission has opened the debate on EU energy and climate policy after 2020 – offering the energy industry the prospect of the long-term clarity and stability needed for large, long-term investments. The European Commission’s Green Paper on a “2030 framework for climate and energy policies,” presents 2030 targets as a key policy option.
“It is important to put long-term climate and renewable energy policies in place, and the European Commission and Council already agree that an increase in renewable energy is a ‘no-regrets’ option,” said Justin Wilkes, Director of Policy of the European Wind Energy Association (EWEA). “Energy policy debate over the coming months will be crucial to Europe’s future.”
¨Member States must now join the European Parliament and the Energy and Climate Action Commissioners in support of a 2030 renewable energy target, together with a greenhouse gas target. This would allow Europe to replace fossil fuel imports with a thriving European wind energy industry generating large amounts of zero-emissions renewable power and technology exports,” continued Wilkes.
He concluded, “Setting a binding 2030 renewable energy target would help the achievement of the 2020 targets, by providing the wind sector with the clarity needed to make the necessary long-term investments, thereby driving down capital costs as well as the cost of capital.”