5th June 2023
EP Report

European Union countries are set to finalize a new renewable energy target to get 42.5% of the bloc's energy from renewable sources by 2030, a final version of the law showed.

 

The EU and its member states are pushing hard to decarbonize their economies to tackle climate change and shore up the security of supply by developing a European green industry to avoid dependence on energy from any one country such as Russia.

 

The final law, which diplomats from EU countries will review soon, confirms a political deal reached with the European Parliament at the end of March.

 

The final text still needs formal approval from EU countries and the European Parliament - a step that is usually a formality that approves the deal with no changes.

 

The EU's existing target is to have a 32% share of renewable energy by 2030. The new law sets a binding new goal of 42.5%, and says member states should aim for 45%.

 

In the transport sector, the law would require member states to reach at least a 29% share of renewables or cut the greenhouse gas intensity of their transport sector by at least 13%.

 

For industry, EU states will need to increase renewable energy use by 1.6% a year. By 2030, 42% of the hydrogen used in industrial processes must be derived from renewable energy, rising to 60% by 2035.


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