'A good day for Europe's energy transition': EU negotiators reach deal to double renewables by 2030

'A good day for Europe's energy transition': EU negotiators reach deal to double renewables by 2030 https://www.euronews.com/my-europe/2023/03/30/a-good-day-for-europes-energy-transition-eu-negotiators-reach-deal-to-double-renewables-by European Union member states and members of the European Parliament on Thursday reached an agreement to double the production of renewables across the bloc by the end of the decade. Under the provisional deal reached shortly around 07:00 CET following overnight negotiations, the share of renewable energy in the EU's overall energy consumption will need to be 42.5% by 2030 with an additional "aspirational" 2.5% top-up in a bid to reach 45%. In 2021, renewable energy represented 21.8 % of energy consumed in the EU, according to Eurostat. The new binding target set in the Renewable Energy Directive (RED) is below the 45% asked by MEPs but above member states' preferred 40% and ups the current target in vigour by just over 10 percentage points. ,,,, The new rules, which are part of the Fit for 55 package presented in summer 2021 to speed up the energy transition and slash EU emissions by 55% by 2030, now have to be formally approved by member states and by the entire European Parliament.