IRENA Welcomes EU’s Decision on RE Target

Adnan Z Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030.

Adnan Z Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission, Amin said, “The EU’s decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030 is a move that consolidates Europe’s position at the forefront of the global energy transformation and establishes a positive decarbonisation pathway in line with its commitments under the Paris Agreement.

“It is also recognition that the new economics of RE have propelled it to the forefront of energy policy and investment decision making as governments around the world look to address long-term climate and economic agendas. Our RE roadmap analysis, delivered to the European Commission earlier this year, identified that higher shares of renewable energy in the EU were cost-effective and would have a net positive economic impact. This ambitious and achievable new strategy will drive significant additional investment activity, creating thousands of new skilled jobs and improving health and well-being.”

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