Renewables
Embracing a swift and just transition to 100% renewable energy is pivotal for Europe. It paves the way for a climate-neutral, energy-secure, and resilient future. Moreover, it aligns with global efforts to limit temperature rise within the 1.5°C target.
To achieve net zero emissions by 2040 and meet both our climate and biodiversity targets, Europe must take decisive actions: phasing out fossil fuels, drastically reducing energy consumption through increasing energy efficiency, and transition to a 100% renewables-based energy system by 2040. For EU Member States, this requires them to substantially scale up their renewable energy production, primarily solar and wind, and already produce half of their energy consumption by renewables by 2030, as also illustrated by the civil society’s energy scenario.
It’s paramount that the accelerated deployment not only respects biodiversity but also involves citizens and local communities, ensuring adherence to the highest environmental and social standards throughout every phase.
In the wake of the Russia’ invasion of Ukraine, which worsened the energy price crisis, the EU has placed increased focus on the swift deployment of renewable energy sources as a vital countermeasure. Solar and wind energy deployment is beating all projections and expectations, shielding people and businesses from volatile fossil energy prices and bringing enormous savings from fossil gas costs. In fact, since the beginning of the crisis wind and solar deployment helped EU countries save roughly EUR 100 billion thanks to reduced electricity costs.
Renewable energy technologies are constantly improving, innovating, becoming cheaper and more accessible. They now stand as a cornerstone for a secure and resilient energy supply. As fossil fuel prices skyrocketed during 2021-2022, renewable power experienced one of its most significant boosts in competitiveness over the past twenty years. Renewable energy sources (RES) are the most cost effective form of power option available today.
The pressing need is to accelerate their deployment on a massive scale, while ensuring biodiversity conservation and engaging local communities and citizens from the very start. This should be complemented by enhancing storage capacities, grid improvements, and demand-side flexibility.
Sustainable renewable energy not only fights the climate crisis but also bolsters local economies. Unlike fossil fuels, tapping into local renewable energy sources amplifies local value. This can manifest in various ways, such as increased tax revenues for municipalities and regions, job creation, and the flourishing of local small and medium-sized enterprises (SMEs).
Furthermore, it offers citizens a chance to actively participate, whether through democratic means or financial investments, like becoming shareholders in renewable energy cooperatives or taking on the role of prosumers. This empowers communities to shape and manage their local energy systems in alignment with their unique priorities and plans.
In the EU and throughout wider Europe, the challenge extends beyond raising ambition levels. Countries must also focus on enhancing their national policies and taking measures that pave the way for greater local deployment of renewables, ensuring that the energy transition is both sustainable and inclusive.
In 2021, renewable energy represented 21.8 % of energy consumed in the EU, down from 22.1% in 2020 according to the latest statistics. The slower RES progress in recent years can largely be attributed to increasing energy consumption across Europe. This raises deep concerns about the trajectory towards 2030 which requires a significant reduction of energy consumption and an increase in the deployment of renewable energy.
Moreover, the recently revised 2030 EU renewable energy target (at least 42.5% but aiming for 45%) is not in line with the Paris Agreement objective to limit temperature rise to 1.5°C. CAN Europe supports an EU binding target for the share of energy from renewable sources in gross final energy consumption of at least 50% by 2030.