Zürcher Nachrichten - EU deal to nearly double renewable energy by 2030

EUR -
AED 4.169644
AFN 72.093516
ALL 94.383371
AMD 417.736819
ANG 2.032771
AOA 1041.701222
ARS 1679.480864
AUD 1.648523
AWG 2.045086
AZN 1.9303
BAM 1.958034
BBD 2.286509
BDT 139.642404
BGN 1.919776
BHD 0.428202
BIF 3388.871104
BMD 1.13537
BND 1.474828
BOB 7.845193
BRL 5.922778
BSD 1.135295
BTN 107.433418
BWP 15.532064
BYN 3.199551
BYR 22253.260537
BZD 2.283276
CAD 1.616198
CDF 2576.155678
CHF 0.922636
CLF 0.026528
CLP 1044.052439
CNY 7.709733
CNH 7.736437
COP 3905.83325
CRC 516.805597
CUC 1.13537
CUP 30.087317
CVE 110.383654
CZK 24.247369
DJF 201.778359
DKK 7.475233
DOP 66.547981
DZD 151.595785
EGP 56.336399
ERN 17.030557
ETB 183.035082
FJD 2.5543
FKP 0.860835
GBP 0.862751
GEL 2.997056
GGP 0.860835
GHS 12.715901
GIP 0.860835
GMD 82.251366
GNF 9947.56902
GTQ 8.659881
GYD 237.477232
HKD 8.902155
HNL 30.337193
HRK 7.536362
HTG 148.443948
HUF 356.102114
IDR 20426.449506
ILS 3.392371
IMP 0.860835
INR 107.084501
IQD 1487.335271
IRR 1561191.117191
ISK 144.168984
JEP 0.860835
JMD 178.807954
JOD 0.804989
JPY 183.708645
KES 147.018845
KGS 99.288132
KHR 4561.345018
KMF 492.750507
KPW 1021.833789
KRW 1753.710196
KWD 0.351408
KYD 0.9461
KZT 552.497421
LAK 24920.201678
LBP 102288.732742
LKR 383.007004
LRD 206.790497
LSL 18.835679
LTL 3.352454
LVL 0.686774
LYD 7.272061
MAD 10.674161
MDL 20.106384
MGA 4742.557364
MKD 61.637966
MMK 2383.755532
MNT 4064.701566
MOP 9.169364
MRU 45.394594
MUR 54.735521
MVR 17.552948
MWK 1968.598149
MXN 20.023359
MYR 4.698096
MZN 72.552347
NAD 18.874335
NGN 1557.773921
NIO 41.56604
NOK 11.195854
NPR 171.889122
NZD 2.013017
OMR 0.436557
PAB 1.13533
PEN 3.850378
PGK 4.980815
PHP 69.702664
PKR 315.747061
PLN 4.292478
PYG 6925.023304
QAR 4.127318
RON 5.234856
RSD 117.375708
RUB 85.038488
RWF 1667.739581
SAR 4.268242
SBD 9.141949
SCR 15.322054
SDG 681.786348
SEK 11.093248
SGD 1.473671
SHP 0.847669
SLE 28.100583
SLL 23808.154509
SOS 648.864161
SRD 42.531174
STD 23499.875712
STN 24.527986
SVC 9.933553
SYP 125.494876
SZL 18.835983
THB 37.943514
TJS 10.541259
TMT 3.973797
TND 3.335148
TOP 2.7337
TRY 52.783672
TTD 7.698021
TWD 36.075489
TZS 2975.241646
UAH 50.960592
UGX 4188.779316
USD 1.13537
UYU 45.32251
UZS 13641.475842
VES 704.784587
VND 29899.98042
VUV 134.880228
WST 3.135486
XAF 656.726557
XAG 0.02012
XAU 0.000285
XCD 3.068395
XCG 2.046098
XDR 0.814022
XOF 650.567583
XPF 119.331742
YER 270.927785
ZAR 18.84295
ZMK 10219.681001
ZMW 20.46398
ZWL 365.588817
  • CMSC

    -0.0450

    22.065

    -0.2%

  • NGG

    1.2800

    82.85

    +1.54%

  • RBGPF

    0.9600

    61.3

    +1.57%

  • BP

    -1.5700

    37.76

    -4.16%

  • GSK

    -0.6200

    51.45

    -1.21%

  • RYCEF

    -0.4700

    18.16

    -2.59%

  • BTI

    1.0050

    61.745

    +1.63%

  • RIO

    -1.8950

    93.685

    -2.02%

  • CMSD

    0.0250

    21.985

    +0.11%

  • BCE

    0.3500

    23.39

    +1.5%

  • BCC

    5.5420

    77.342

    +7.17%

  • AZN

    3.4550

    184.475

    +1.87%

  • VOD

    -0.2150

    13.835

    -1.55%

  • JRI

    -0.0100

    12.62

    -0.08%

  • RELX

    0.1150

    31.325

    +0.37%

EU deal to nearly double renewable energy by 2030
EU deal to nearly double renewable energy by 2030 / Photo: Filippo MONTEFORTE - AFP/File

EU deal to nearly double renewable energy by 2030

The European Union reached a deal Thursday to almost double the share of renewables in the 27-nation bloc's energy consumption by 2030 amid efforts to become carbon neutral and ditch Russian fossil fuels.

Text size:

The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the share of renewable energy to 42.5 percent, from 22 percent today.

The EU has set an ambitious target to become a "climate neutral" economy by 2050, with net-zero greenhouse gas emissions.

The move also comes as the EU has sought to slash its dependence on Russian fossil fuels after Moscow cut gas supplies last year and the bloc placed bans on seaborne crude and other petroleum products from the country.

The figure is a compromise between the 45 percent share for renewables that was sought by EU lawmakers and the European Commission, the EU's executive branch, and the 40 percent preferred by the states.

The previous target for 2030 had been set at 32 percent.

The proposed directive seeks cutting red tape for renewable energy projects.

The goal is to "fast-track the deployment of renewable energies" as part of the EU's plan "to become independent from Russian fossil fuels, after Russia's invasion of Ukraine", said a statement from the Council of the EU which represents the bloc's governments.

Companies have complained that red tape has slowed the development of such infrastructure.

- Nuclear debate -

The agreement includes hydrogen, nuclear power and biomass on the list of sources of renewable energy along with solar and wind technology.

Biomass derives from organic material such as trees, plants and urban waste, and includes the burning of wood to produce electricity.

Scandinavian countries defend the practice, but it is criticised by environmental groups over concerns about its impact on forests.

Pascal Canfin, chairman of the European Parliament's environment committee, said the agreement sets strict rules on using biomass.

"The use of biomass is better regulated even if the parliament wanted to go further," Canfin, of the centrist Renew political group, said.

Markus Pieper, of the right-wing European People's Party, said the agreement makes biomass "100 percent green".

Canfin said the deal also "recognises the specific role of nuclear (energy) which is neither green nor a fossil fuel".

The inclusion of nuclear power was hotly debated in recent weeks.

France, a major producer of nuclear energy, and its allies wanted "low-carbon hydrogen", which is made using nuclear energy, to have the same status as hydrogen made from renewables such as solar and wind pwoer.

A group led by Germany had been opposed to including hydrogen produced from nuclear power over concerns it would slow investments in renewables.

A deal was finally reached after Sweden, which holds the rotating EU presidency, proposed a compromise.

Canfin said the deal means that France will be able to use nuclear energy and not be forced to build renewables infrastructure to produce hydrogen for industry and transport.

"It was an absolute condition for France to support the final agreement," Canfin said.

L.Zimmermann--NZN