EU to raise renewable generation target from 22% to 42.5% by 2030


Banca March: The European Union is about to confirm that it is raising its renewable energy consumption target from 22% to 42.5% by 2030, a commitment that is expected to boost investment in clean generation sources. The agreement, which updates the current legal target of 32%, is based on a political negotiation concluded in the spring and although it is not yet final, as it will also have to be validated by the European Parliament, the agreement between Germany and France within the Council means that the agreement is closer.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.