Technological innovation in renewable energy could slow down after the setting of an unambitious target for EU-wide adoption of renewable energy, industry groups have said.
Europe’s heads of state agreed last month that at least 27 per cent of energy should come from renewable sources by 2030. However, industry leaders are concerned that this target is too low to maintain the impetus behind EU-wide government pledges to support renewables, which many companies are counting on for future growth.
During the preceding European Council debates, renewable energy companies called for a target of at least 30 per cent in order to increase the market demand for their technologies and create a more interconnected electricity grid. Frauke Thies, the policy director of the European Photovoltaic Industry Association, says that “a lot more could have been possible, and a lot more is possible for Europe to do”.
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