European union exceeds energy targets 2020

On the 14th of October, the European Commission released its long-awaited report regarding the ´State of the Energy Union´. This is the first time a report of such sorts was made after the confirmation of the European Green Deal, which serves as the legislative basis of the transition towards a greener European Union.

Executive Vice-President for the European Green Deal, Frans Timmermans, said in a press release: “The energy sector plays a crucial role in cutting emissions and delivering the European Green Deal. Today’s State of the Energy Union Report shows the progress we are making as well as challenges and opportunities ahead. The investments and reforms we put in place need to drive the green recovery and put us on the right track for becoming climate-neutral by 2050.”

Commissioner for Energy, Kadri Simson, said: “The National Energy and Climate Plans are an essential tool for our work with the Member States to plan the policies and investments for a green and just transition. Now is the time to turn these plans into reality and use them to lead us out of the Covid-19 crisis with new jobs and a more competitive Energy Union.”

The report shows that renewables in the European Union play an ever more important role and are expected to continue the trend in the following years. A global decrease in the costs of wind energy and solar energy helped boost the share of renewable energy in the 27 member states to 18.9%. The goal of 1/5th share of clean green energy is well within reach for the European Union.

To meet the European ambitious climate goals the report focuses on six technologies that will have to provide Europe’s households and industry with clean, renewable energy by 2030 and 2050. Batteries and smart grids, similar to those build in Australia by Elon Musk´s Tesla Motors company are set to play a key role next to Solar, offshore wind, ocean energy, and hydrogen.

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