EU is on track with 2020 renewables target
In its latest report on the state of renewable energies in Europe, consortium EurObserv’ER has found that the various renewable energies taken together covered 14 per cent of gross energy consumption in the EU in 2012. This is a 1.1 per cent increase from the previous year, which means that the EU has closed in on its current renewables target of 20 per cent by 2020. The consortium noted that the 2030 Energy and Climate package needs to be particularly strong in order to keep up the current momentum in the renewable energy sector. However, it voices concerns over future investments and the fact that many Member States are cutting support policies for wind and photovoltaic energy, two sectors that have largely contributed to renewable production in 2012 together with hydropower, which increased by 9.7 per cent. It is estimated that the turnover of the European renewables sector in 2012 was €129.4 billion.