EU reaches provisional deal to raise renewable energy target

European Union countries and negotiators from the EU’s parliament reached a provisional deal Thursday to raise the share of renewables in the bloc’s energy mix, another step to accelerate its green transition.

To meet the EU’s goal of becoming climate neutral by 2050, the EU’s executive commission supported a target of 45 per cent. The council and the European Parliament left a door open for such an increase, agreeing on “an additional 2.5 per cent indicative top up that would allow to reach 45 per cent.” European Commission President Ursula von der Leyen said the agreement announced Thursday would allow “for more ambition and faster roll-out of renewables,”

According to EU data, the bloc’s gas consumption dropped 19.3 per cent during August 2022-January 2023 compared to the average for the same months between 2017 and 2022.

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