New EU renewable energy and transport targets set for 2030

New energy and transport targets have been set by the European Union for renewable energy sources, according to reports from Europe.

A new renewable energy target of 32% by 2030 has been set for EU member states, following overnight discussions in Strasbourg between negotiators from the European Commission, the European Parliament and the European Council.

An upwards revision clause by 2023 has been included in this, according to the commission.

The agreement, which was reached at 4:00am, will also require member states to aim for a target of 14% renewable energy in the transport sector.

Incentives for electric vehicles and advanced biofuels have been included in the agreement.

Irish MEP Sean Kelly has contended that a “clear message” is being sent to industry and businesses.

Commenting on the announcement, he said: “”The agreement to boost renewables in the energy mix to 32% at EU level by 2030 will help us provide secure, affordable and climate-friendly energy.

While this will not include nationally-binding targets, member states will now have an opportunity to submit national plans outlining how they are going to meet these new targets.

Meanwhile, making the announcement earlier today, Commissioner for Climate Action and Energy Miguel Arias Canete said: “This new ambition will help us meet our Paris Agreement goals and will translate into more jobs, lower energy bills for consumers and less energy imports.

“I am particularly pleased with the new European target of 32%. The binding nature of the target will also provide additional certainty to the investors.

“This will put us on the right path towards the long-term strategy that the commission intends to present by the end of this year.”