Europe is speeding up its renewables transition.
Friday, June 3, 2022

Europe is speeding up its renewables transition.

 Despite concerns that Russia’s war in Ukraine might mean a return to more fossil fuels, most countries in the EU are laying out more ambitious plans to boost renewables. Nineteen of the EU’s 27 member states have announced more ambitious medium-term plans in response to the war and soaring fossil fuel prices, according to a new report from the Centre for Research on Energy and Clean Air (CREA). According to the report, compared to their plans in 2019, EU countries have slashed the total amount of power they aim to source from fossil fuels by almost a third by 2030. The report said that instead of sourcing 55% of electricity from renewables, as previously planned, EU countries are now aiming to achieve a 63% share by 2030. As of January 2022, the EU was sourcing 22% of its energy from renewables.

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