Confidence Boost for Europe’s Renewable Energy

In a last minute addition to the European Council’s conclusions on 2030 energy targets, leaders stated the need for a “supportive EU framework for advancing renewable energies.” While an agreement has yet to be reached, European Council President Herman Van Rompuy said in a press conference that the Council would have a deal on the climate and energy framework by “no later than” October 2014.

European Council logo“This extra time could be a golden opportunity – for pro-renewables countries like Germany, Denmark and Portugal to rally round and start fighting for greater ambition for renewables and the energy security they bring,” said Thomas Becker, chief executive officer of the European Wind Energy Association (EWEA). “The conclusions show that Heads of State are wising up to the energy challenges that Europe is facing. I think the situation in the Ukraine is proving a sobering experience for policymakers over the frailty of Europe’s energy security.“ He added, “We must act and we must do it now.”

Over 160 companies and organizations have singed a statement calling for a stronger commitment from policymakers to Europe’s 2030 Climate and energy objectives. One ask: a legally binding target for renewable energy of 30 percent. If this target were met, it would reduce gas imports by nearly three times more than the 27 percent target put forward by the European Commission in January 2014, create 568,000 more jobs, save EUR260 billion extra in fossil fuel imports.

It remains unlikely that a 2030 deal will be in place before a United Nations meeting convenes in September 204, when global leaders are expected to set out plans to curb greenhouse gas emissions. The European Council is set to meet again for talks on June 26-27, 2014.