This briefing compares the Fit-for-55 2030 renewables target of 40% to recent market outlooks for clean technologies, with analysis suggesting that the EU is on course to reach 45% renewable energy share by 2030 under current conditions, rising to 50% with more support.
Europe’s energy landscape has unquestionably and fundamentally shifted in recent years, but policy discussions may lag behind that new reality. Final negotiations on the EU’s renewable energy target for 2030 are officially scheduled to take place at the trilogue discussions in March 2023. The European Commission and Parliament stand in favour of upping the ambition from 40% to 45% but a blocking minority of Council members are digging in their heels. Will the EU take the opportunity to bring targets in line with Europe’s new energy landscape?
Access the briefing here
