Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 04, 2020

Europe Weighs Higher Targets For Renewable Energy in Green Deal

Europe Weighs Higher Targets For Renewable Energy in Green Deal

Europe may lock-in raised targets for renewables and energy efficiency as part of its Green Deal strategy to zero-out greenhouse gases by the middle of the century.

The European Union's executive on Tuesday outlined options on how existing laws could be revised to accelerate the ambitious environmental clean-up. The findings will complement a wider look at toughening the EU's emissions-reduction goal to as much as 55% by the end of the this decade.

The unprecedented green transition will affect all areas of European life from energy production to mobility and the design of cities. While the bloc has already boosted the use of renewables for electricity production, progress has been slower in the industry, buildings and transport sectors, which still rely mainly on fossil fuels to operate.

“The main focus might therefore be on those sectors where renewables have not been deployed as successfully as in the electricity sector,” the European Commission said.

The EU currently aims to get at least 32% of its energy from renewables by 2030 while its efficiency target calls for saving at least 32.5% of energy compared with a business-as-usual scenario. The roadmaps will be open for feedback from member states, companies, non-governmental organizations and citizens until Sept. 21.

Selected objectives the EU wants to achieve by revising its renewable energy law:
  • Increasing the deployment of renewables in the power, heating and cooling, and transport sectors
  • Better use of waste heat from the likes of industry or data centers
  • Improved integration of renewables in buildings
  • Promoting development and use of renewable and other low-carbon fuels in hard-to-decarbonize sectors such as industry and heavy duty transport, aviation and shipping

The EU's existing emissions target for 2030 is to cut pollution by 40% from 1990 levels.

©2020 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com