EU Lawmakers Approve Increased Renewable Energy Target in Green Transition

• 13 Sep 2023

On 12^th September,2023, European Union lawmakers endorsed a significant agreement to elevate the share of renewable energy sources in the EU's energy mix, marking another substantial step in the bloc's transition away from fossil fuels.

Key Points

• Renewable Energy Target: By 2030, the EU aims to achieve 42.5% of total energy consumption from renewables, with a subsequent goal of reaching 45%. This marks a significant increase from the previous target of 32%.
• Energy Transition: The European Parliament's decision is seen as a major move towards accelerating the energy transition, making it more affordable for citizens while reinforcing the EU's position as an industrial stronghold.
• Reducing Fossil Fuels: The adoption of these renewable energy goals signifies a significant shift away from fossil fuels in the EU's energy mix, particularly reducing dependence on oil and gas, including sources from Russia.
• Solar Panels and Windmills Deployment: The legislation is expected to accelerate the deployment of solar panels and windmills.
• National governments are required to grant permits for new renewable installations within 12 months if they are situated in designated "go-to areas" that ensure nature protection.
• For areas outside this designation, the process should not exceed 24 months.
• Formal Approval Needed: The legislation now requires formal approval by member countries to become effective, further solidifying the EU's commitment to its green energy transition.