European renewables industry calls for 35% RE target by 2030

The European renewable energy industry has urged the European policy makers to increase the binding renewable energy (RE) target to avoid deployment slowdown in the next decade.

In the joint letter, signed by Ocean Energy Europe along with other representatives of the European renewable energy sector, the European Parliament members are called to support a new renewable energy binding target of at least 35% by 2030.

The  package proposed by the European Commission in November last year suggests a European binding target of at least 27% renewable energy by 2030.

“This target’s lack of ambition translates to a slow-down in renewable energy deployment after 2020. Going below a target of 35% would mean that, over the next decade, Europe installs less new renewable energy capacity than in the current one, putting its competitive edge at risk,” the European renewable energy industry said in a joint letter.

The letter states the increase of RE target to 35% will ensure the Europe reaps the economic benefits resulting from a sustained renewable energy deployment.

“If Europe’s objective is to be number one in renewables and to honor the Paris agreements, a higher target should be considered in line with the proposals of the co-rapporteurs of the regulation on the governance of the Energy Union. We would be delighted to meet with you to discuss this crucial matter and look forward to your response,” the signatories of the letter, listed below, said.