| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2015) 293 final (15.6.15) |
| Publication Date | 15/06/2015 |
| Content Type | Policy-making, Report |
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The achievement of the Energy Union requires a fundamental transformation of Europe's energy system. Renewable energy is essential for this transformation to take place as it contributes to all of the Energy Union objectives: the delivery of security of supply, a transition to a sustainable energy system with reduced greenhouse gas emissions, industrial development leading to growth and jobs and lower energy costs for the EU economy. A comprehensive European policy framework to support the development and integration of renewables based on quantified targets, regulatory clarity and market based investment incentives compatible with State aid rules is in place since 2009. The Renewable Energy Directive with the legally binding 20% EU target, 10% target for renewable energy use in transport and the binding national targets for 2020 forms an integral part of the EU energy policy. It became the key driver for European led global investment in renewable technologies and supportive renewable energy policies far beyond Europe's frontiers helping renewables emerge as cost-competitive energy source in the last decade in Europe and on a global scale. The European renewable energy industry today employs 1.15 million people. By also promoting development and innovation aspects of renewable energy technologies, the Directive and its targets for renewable energy represent an integrated element of a European strategy for growth, industrial innovation, technological leadership and competitiveness as well as for reducing emissions. In accordance with the requirements set out in the Renewable Energy Directive, this report provides a mid-term assessment of the progress of the EU and its Member States towards the 2020 renewable energy targets, and includes an assessment of the feasibility of the 10% renewable energy target for transport, the sustainability of biofuels and bioliquids consumed in the EU and the impacts of this consumption in accordance with the requirements of the Directive. Furthermore, on the basis of a comprehensive REFIT evaluation of the Renewable Energy Directive launched in 2014, this report also provides a preliminary assessment of the efficiency and effectiveness of the Renewable Energy Directive in line with the requirements of Communication on Regulatory fitness and performance. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2015:293:FIN |
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| Subject Categories | Energy |
| Countries / Regions | Europe |
