2030: The next steps for EU climate and energy policy

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Why is an ambitious binding renewable energy target for 2030 essential for the wind industry today?
An ambitious renewables target shows investors there is a long-term market for wind energy, meaning they invest and the wind sector grows.

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2030: The next steps for EU climate and energy policy

  1. 1. 2030: the next steps for EU climate and energy policy Binding renewable energy, greenhouse gas reduction and energy efficiency targets for 2030 are urgently needed in the EU to ensure the renewable energy sector continues to grow and provide clean electricity, energy security, green jobs and export opportunities. Where are we today? 20% By 2020: ENERGY FROM RENEWABLES -20% +20% ENERGY EFFICIENCY The EU must decide After 2020: as soon as possible on an energy and climate policy framework for 2030. ...an ambitious and binding For 2030, Europe needs... CARBON EMISSIONS ...an ambitious and binding To lower the long-term costs 2 renewable energy target 02 0 greenhouse gas target To facilitate the achievement of of decarbonisation € the 2020 targets To put the EU on the path to the 80-95% greenhouse gas reduction by 2050 To drive down costs and ultimately To avoid a fossil fuel lock-in To help ensure a sound Emissions Trading System (ETS) remove the need for support for wind energy To promote energy security, green growth, jobs and leadership Why is an ETS target only not enough? To put a price on carbon and price emitting technologies ...an energy efficiency target To promote environmental protection Investors need stability To unlock the cost-effective energy efficiency potential ETS is not ‘technology neutral’ in a distorted market E TS Supporting renewable energy only through R&D is not sufficient What else is needed 2020 implementation Electrification Infrastructure Electricity markets Innovation and R&D € 25.3 bn Wind energy is already delivering 646 mn t - and can do much more with ambitious 2030 targets 795,000 up to € 51 bn 28.5% € 26.6 bn 342 mn t 520,000 up to € 27 bn 15-17% up to € 17.2 bn 140 mn t 250,000 € 9.6 bn 7% EU electricity from wind energy of fossil fuel costs avoided of investment of CO2 avoided EU electricity from wind energy of investment of CO2 avoided jobs in Europe EU electricity from wind energy of investment of CO2 avoided jobs in Europe of fossil fuel costs avoided 2030 TARGETS UNDER DISCUSSION of fossil fuel costs avoided 2020 TARGETS jobs in Europe 2012 DONE Read more: www.ewea.org/publications/reports/2030

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