Increasing the share of renewable energy across the different sectors of the economy is a key element of the EU’s energy agenda. Under the revised Renewable Energy Directive (“RED III”), the EU plans to increase its binding renewable target to 42.5% by 2030, up from the current 32% target.
Following the EU’s commitment to the Green transition, an onslaught of new developments and legislations are being announced aimed at supporting investment and growth in renewable industries and Net-Zero technologies, ensuring resilience in the supply chain of critical raw materials, and responding to the competitive pressure from the US and China. RED III furthers the EU renewable energy goals and seeks to make the EU more competitive on global renewable energy markets.
This section of the Resource Centre includes latest news and developments on these topics.