The European Union has announced a new set of proposed carbon and renewable energy targets for 2030 that, if executed properly, could reduce carbon emissions by as much as 40%. There are also plans for a 30% energy share target for renewable sources.
According to Energy Commissioner Gunther Oettinger, the goal of the proposal is to increase the confidence of potential investors and strengthen the Unionâ€™s position in clean energy discussions.
â€œ2020 was yesterday for investors in the energy sector… and 2030 is tomorrow,â€ he said in a statement. â€œWe want to make sure that industry and investors will get clarity through this green paper on how we will go forward after 2020.â€ He added that not only is a carbon target a crucial part of reduction, but that it must be paired with renewable energy goals in order to be effective.
So far, the European Union is well on track to meeting its target of a 20% emissions reduction by 2020 while also generating 20% of its power from renewable energy sources.
Do you think they will meet these new goals? I think they are pretty reasonable, and I am glad to see them looking beyond what they already have in front of them. You can never plan too far in advance, especially when it comes to clean energy.
Image CC licensed byÂ SCA Svenska Cellulosa Aktiebolaget
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