27 September 2018 2018 11:00 AM GMT

EU Parliament Aims Higher For Renewables In Its 2030 Climate And Energy Goals

The European Parliament’s Industry & Energy (ITRE) and Environment (ENVI) committees have now voted their position on the Energy Union Governance Regulation, steered by MEPs Claude Turmes and Michèle Rivasi from the Greens/EFA party. The vote comes just a week after the ITRE committee called for raising the EU’s 2030 renewable energy target to 35% instead of 27%. The Governance Regulation sets out how EU Member States will deliver the EU’s 2030 Climate and Energy goals including the binding EU renewables target and how they will give visibility to renewables investors on post-2020 deployment volumes.

Members of the European Parliament adopted provisions that will provide key guidance to drive the energy transition. They requested that Member States submit National Energy & Climate Plans by 1 June 2019, six months earlier than the Council’s preference. MEPs also proposed important improvements in the content of the plans. They would cover how Member States intend to enhance energy system flexibility, improve transmission and distribution networks and limit unnecessary use of capacity mechanisms. MEPs requested that renewables deployment follows linear trajectories and is tracked against interim targets every other year. That will allow proper oversight of collective efforts. MEPs also voted in favour of a mechanism that will ensure measures are taken in case the EU is not on track to achieve its 2030 renewable energy target.

WindEurope CEO Giles Dickson said: “It’s very good the European Parliament recognises the importance of having early National Energy & Climate Plans. With the International Energy Agency now saying wind will be Europe’s leading electricity source soon after 2030, we need these plans to tell the industry when and where Member States want to see renewables deployment.

“Asking Member States to commit to a linear renewable energy deployment trajectory is even more significant. To keep the jobs and growth our industry supports – €36bn contribution to EU GDP and 263,000 jobs – we need a strong and stable home market. Europe installs 12 GW of new wind capacity on average each year. Linear trajectories will help maintain this and, with it, the contribution the industry makes to the EU economy. Every €1000 invested in wind creates €250 value in the chemicals, steel and electronics sectors. Linear deployment is in the interest of these sectors too. Member States should take note and ratchet up their ambition on trajectories at the 18 December Energy Council.”

Photo: Courtesy of The European Parliament

October 16th 2018
Key Industry Players Meet To Discuss Infrastructure Financing In Benelux Region

The Benelux region has been seeing huge developments in the renewable energy and infrastructure industry. The European Investment Bank (EIB) has recently announced that it is supporting Belgian offshore wind projects, as part of the €3.4 billion investment package for renewable energy. In addition, EIB and other key industry players are meeting to discuss financing infrastructure in the region at the 17th annual Benelux Infrastructure Forum next month in Amsterdam. These include MEAG MUNICH ERGO KAG mbH, EIB, AG Insurance, Macquarie Capital and NN Investment Partners.

October 16th 2018
InnoEnergy, Deloitte: Smog Reduction Can Save European Citizens €183bn By 2025

InnoEnergy and Deloitte’s radical new research reveals that EU citizens could save €183bn by adopting innovative smog-reduction technologies to 2025. This is in response to the European Commission’s finding that smog will cost the EU an astonishing €475bn between 2018 and 2025. The report identifies best technologies to reduce Europe’s 400,000 pollution-related premature deaths a year. These key technologies include fast, interconnected and interoperable car charging solutions, solar thermal, and underground energy storage.

September 29th 2018
IRENA: Innovation Front and Centre, As Leaders Shape the Future Energy System

Participants from more than 80 countries explored the disruptive innovations in digitalisation and decentralisation that are transforming energy systems around the world. Remarkable cost reductions driven by technological innovation and an increasingly conducive policy environment have made renewable energy increasingly competitive with conventional fuels in many parts of the world. In parallel, innovations such as the Internet of Things, blockchain, artificial intelligence, smart charging of electric vehicles, and hydrogen power and storage are making energy systems increasingly integrated and flexible and are supporting the transition to a renewable-powered future.

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