European Commission evaluates a 45% renewable target – What does this mean for the RES-E GO market?

Reportedly, the EC is looking at the feasibility of accelerating renewable energy uptake. In July 2021, the Commission proposed in its Fit-for-55 package a target of 40% by 2030. This could be upped to 45% now, also in light of the recently high energy prices across Europe and the dependency on Russian fuel supplies. The streamlining of permitting processes for renewable projects is seen as a key action to facilitate these gains.