The EU should adopt a 30% renewable energy target for 2030, according the European Photovoltaic Industry Association (EPIA) and a group of energy firms and industry groups.
The group, which includes Alstom, DuPont, Kingspan and EPIA’s wind power equivalent, the EWEA, has sent an open letter to Europe’s heads of state.
The European Council will meet next week to finalise the 2030 climate and energy package. At present a non-binding renewable of 27% is thought to be favoured although a binding one has not been ruled out. This, however, would not be broken down into individual national targets like the current 2020 goal for 20% of Europe’s energy to come from renewables.
“A greenhouse gas target alone will not be sufficient to drive the investments in renewable energy and infrastructure which are necessary to decarbonise the power sector by 2050,” they said in the letter.
“We thus believe that a binding renewable energy target of at least 30% by 2030 is both realistic and desirable. Such a clear objective, backed up by a supportive regulatory framework, would constitute an important signal. By providing the necessary certainty for businesses across the energy sector, it would reduce the cost of investments and foster innovation, thus efficiently driving the transition of Europe’s energy supply,” they added.
Campaigners argue that a 40% cut in greenhouse gas emissions compared to 1990 levels by 2030, would deliver the 27% share of renewables as a by-product and that real stimulation for renewables requires a higher goal.