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Policy & Regulation

Headwinds for EU renewables growth as subsidies fall

A recent report by the EU Court of Auditors – the guardian of the EU budget – has cast further doubts over the EU’s prospects for meeting its 2020 and 2030 renewable targets A recent report by the EU Court of Auditors – the guardian of the EU budget – has cast further doubts over the EU’s prospects for meeting its 2020 and 2030 renewable targets.
By Andreas Walstad 4 days ago Europe & Russia / Policy & Regulation 0 34302
An offshore wind farm near Copenhagen. (SXC)

Europe needs to produce 55% of its electricity from renewables by 2030 to meet its renewable energy target for the year – up from 31% now – a goal that seems ambitious given the current situation.

A report published by the EU Court of Auditors last week found that, although 11 EU member states had already met their 2020 targets, the prospects for other countries were more doubtful. In fact, six EU nations – the Netherlands, France, Ireland, the UK, Luxembourg and Poland...