European Union member states and the European Parliament Thursday reached a political agreement on the energy renewables law.
The deal includes a legally binding target to “raise the share of renewable energy in the EU’s overall energy consumption to 42.5 percent by 2030,” said an EU statement.
EU countries can further complement this target with “an additional 2.5 percent indicative top-up that would allow reaching 45 percent,” the statement noted.
Thursday’s agreement completes negotiations on the main elements of the EU’s ‘Fit for 55’ climate package tabled in July 2021, which aims to achieve a 55 percent net reduction in greenhouse gas emissions by 2030.
The EU’s executive body, the European Commission, in a separate statement welcomed the deal saying it “reaffirms the EU’s determination to gain its energy independence through a faster deployment of home-grown renewable energy, and to meet the EU’s 55 percent greenhouse gas emissions reduction target for 2030.” Today’s provisional agreement now requires formal adoption by the European Parliament and the Council of the EU, which represents the bloc’s 27 member states.
Once this process is completed, the new legislation will be published in the Official Journal of the Union and enter into force.
Source: Kuwait News Agency