Blogs

Renewable energy and electricity market design: key findings from a new report

A recently published study by energy consultancies Ecofys and TÜ Wien, commissioned by EREF, the European Federation of Renewable Energies Producers, derives national target benchmarks for a more ambitious EU renewables target and analyses the positive effect of increased energy efficiency on the effort required to meet the 2030 renewables target.

The report states the following key findings:

Higher energy efficiency facilitates more ambitious renewable energy targets. An increase of the EU energy efficiency target to 40% by 2030 would help to achieve the EU renewable energy target.
An EU renewable energy target of 27% could drastically slow down current levels of renewable energy expansion in the EU-28.
A 35% renewables target at EU level by 2030 would be needed to just maintain current net deployment increase of renewables in the EU-28 if the EU energy efficiency target is set at a 40% level.
Only a 45% renewables target at EU level by 2030 would imply a strong increase in renewables deployment compared to 2010-2020.
CAN Europe believes that an at least 45% renewable energy target by 2030 is the minimum that would be consistent with the potentials, the Paris Agreement and the need to move to an energy system based on the efficient use of 100% renewable energy by 2050.

A CAN Europe infographic shows the multiple benefits of raising the EU 2030 renewable energy target from a mere 27% to at least 45%:

5 times more money saved on fossil fuel imports
6 times more additional full-time jobs in the domestic renewable energy sector
7 times more avoided premature deaths due to better air quality
Last, but not least, each 1% increase in the renewables’ share of the electricity market reduces wholesale prices by approx. 1% on average in the EU.

By Jean-François Fauconnier

Latest Publications

  • NGO letter on the long term climate strategy ahead of the Competitiveness Council

    In this letter, NGOs Climate Action Network Europe, Carbon Market Watch, E3G - Third Generation Environmentalism, European Environmental Bureau, Sandbag and WWF European Policy Office call upon EU Economy and Industry Ministers to: Endorse the European Commission’s strategic long-term vision for a climate neutral economy and support an EU long-term climate target of net-zero carbon emissions by 2040; Call upon the European Commission to present a new and integrated EU industrial climate strategy for energy-intensive industries in support of a competitive, circular and net-zero emission heavy industry transition;  Recognise the immediate need to provide a policy framework which supports and incentivises the full decarbonisation and transformation of resource and energy-intensive industry sectors before 2050. NGO letter on the long term climate strategy ahead of the Competitiveness Council
  • Letter to REGI Committee on sustainable cohesion policy funding

    On 22 January 2019 and in February the REGI Committee will vote on the Common Provisions Regulation (CPR) and on the European Regional Development Fund / Cohesion Fund Regulation (ERDF/CF) respectively. These two pieces of legislation will determine the shape and direction of Cohesion Policy post-2020.
  • NGO statement urging Turkish decision makers to step up at COP24

    More than 25 NGOs working in Turkey released a joint statement urging Turkish decision makers to focus on raising ambition, and reaping the benefits of a low-carbon just transition at COP24.
  • Letter to Ministers of Finance for the achievement of the Financial Transactions Tax

    Through this letter sent to Ministers of Finance we demand that the 10 countries negotiating the world's first regional Financial Transactions Tax do not abandon the talks at a European finance ministers' meeting on December 4th. By walking away from the talks, we could lose out on billions that could go towards climate change and the fight against domestic and international poverty.
See All: Climate & Energy Targets