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EU's electricity sector is getting 'greener' but 2030 renewables targets seem hard to reach

EU’s electricity sector is getting “greener” as the share of renewable electricity in gross final energy consumption reached 41% in 2022, according to recently released Eurostat data. Nevertheless, the current trajectory suggests reaching 2030 targets would be difficult.

Veyt takes stock of the EU renewable energy performance metrics and considers what implications the renewable energy progress thus far can have for the guarantees of origin (GO) market.

Renewable energy ambitions under the 2023 National Energy and Climate Plans EU Member States are legally obligated to translate higher renewable energy targets under the Renewable Energy Directive (RED) into national commitments in the form of National En...

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