L R AS Published on Friday 12 January 2024 - n° 471 - Categories:Europe
The Commission calls on governments to speed up the energy transition
Following receipt of certain revised National Energy and Climate Plans (NEECPs), the European Commission is asking governments to step up their efforts to accelerate the energy transition.
During this revision, production capacity was increased by
90 GW. However, the Commission found that even these revised targets were unlikely to meet a number of objectives set out in EU energy legislation, including the 'Fit for 55' programme, which aims to reduce greenhouse gas emissions in the EU by 55% compared to 1990 levels by 2030.including the 'Fit for 55' programme, which aims to reduce EU greenhouse gas emissions by 55% below 1990 levels by 2030. Even with the new targets, Europe would reduce its greenhouse gas emissions to just 51% of 1990 levels. The share of renewable energies in the European energy mix would only reach 39%, higher than the previous target of 32% but below the 42.5% target.
According to senior officials, this discrepancy between proclaimed targets and projects highlights the limits of Europe's commitments to decarbonisation.
The European Commission and Parliament have agreed on a new fixed pricing structure for renewable energy projects to make investment in clean energy more financially attractive.
Rystad Energy estimates that renewable energy developers outside China will need to invest US$700 billion in mining and manufacturing to establish their own sufficient renewable energy supply chains.n renewable energy, Rystad believes that meeting clean energy targets is now the responsibility of private companies and individual developers, while a coherent legislative framework is in place.
The Commission wants to bring 320 GW of new photovoltaic capacity on stream by 2025 and reach 600 GW by 2030, by streamlining the authorisation process for new solar projects.
SolarPower Europe estimates that Europe will add more than 75 GW of new solar capacity in 2026 alone (within three years), up from 56 GW in 2023.
PV Tech of 20 December 2023
Editor's note The current Commission has focused on the development of renewable energies. It will be replaced in six months' time by a new team. We cannot prejudge the will of the future leaders.
The new French government does not seem particularly keen to develop renewable energies. It seems mainly interested in nuclear energy.
The targets set for 2030 could well be forgotten.
