Renewable Market Watch Supports the 45% Renewable Energy Target in the European Union (EU) by 2030
/LONDON, December 15, 2021, 9:00 GMT, RENEWABLE MARKET WATCHTM/ In partnership with eight other renewable energy and city associations, with the endorsement of scientists from the IPCC and leading universities, SolarPower Europe is calling on members of the European Parliament and EU Member States representatives to endorse a minimum 45% renewable target by 2030 to fight the climate crisis. The letter published on 8 December 2021 underlines the critical importance of accelerating the clean energy transition to avoid climate catastrophe.
The IPCC has warned that we are entering code red for humanity: 2°C warming will be exceeded within this century unless we make deep reductions in GHG emissions.
While through the European Green Deal, the European Union is making substantial progress, more ambition is needed. The 40% renewable energy target by 2030 proposed by the European Commission is a step in the right direction, but we must go further and faster. A 40% renewable target is incompatible with the EU's 2030 GHG reduction target and the Paris Agreement commitment to limit temperature rise to below 1.5 °C.
SolarPower Europe is calling for this increased renewable energy target by 2030 to meet our Paris Agreement commitments and avert the most dangerous effects of climate change. It is the most cost-efficient pathway to climate neutrality and would ensure the EU's 55% GHG emission reduction target is met, in line with the 1.5 °C Paris Agreement scenario, according to LUT University.
The European solar sector has demonstrated its immense growth potential, and its resilience to drive sustainable growth in the long-term. But there is so much more to harvest. Solar energy is the most job-intensive energy source, with the potential of creating more than 4 million jobs globally by 2050. It is also the most versatile and affordable energy source in history, supporting the competitiveness of EU businesses, the sustainability of European homes, and providing benefits well beyond the energy sector.
We must fast-track the energy transition, targetting 45% renewable energy in Europe by 2030 to meet the 1.5 °C Paris limit and prevent irreversible changes to our planet’s climates.
The Renewable Market Watch™ supports the 'Yes to 45% Renewable Energy Target in the European Union (EU) by 2030' and will employ all necessary efforts to popularise this important initiative.
The more information and answers to your questions about the European Solar Power market and related content you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2021 ÷ 2030
To download a brochure with sample pages of this exceptional report, please access from here: Sample Pages - Europe Solar Photovoltaic (PV) Market Outlook 2021 ÷ 2030
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About SolarPower Europe
SolarPower Europe’s aim is to ensure that more energy is generated by solar than any other energy source by 2030 and to lead our members to make solar the core of a smart, sustainable, secure and inclusive energy system in order to reach carbon neutrality before 2050.
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former the Soviet Union), LATAM countries, and MENA countries. Renewable Market Watch™ is a Media Partner of SolarPower Summit 2021: Driving Sustainable Change. For more information about Renewable Market Watch™ please visit:
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