EU's renewable energy prospects for 2030 — what can we expect?
Since October 2016, the International Renewable Energy Agency (IRENA) is conducting an assessment of the renewable energy prospects (REmap study) of the European Union by 2030. The assessment is based on deepened analysis of existing REmap studies for 11 EU Member States, augmented and aggregated with additional analysis for the other 17 EU Member States. The aim of the study is to provide an open platform for EU Member States to assess at an aggregated level the impacts of their national renewable energy plans and options.
The results show that existing national renewable energy plans up to 2030 would result in an EU-wide renewable energy share of 25% in the gross final energy consumption (the Reference Case). IRENA has identified a number of cost-effective renewable energy options in each Member State which would increase the EU-wide share of renewables beyond that figure. These cost-effective options can be found in the electricity, transport and heating and cooling sector.
Based on these results, the session will discuss the proposed 2030 EU RES target of 27%, in view of:
- Recent developments in the cost of renewables;
- The potential economic benefits of an increased level of ambition;
- Implications in terms of required renewable deployment to be in line with the aspirational 1.5°C target of the Paris Agreement;
- The implications of an increased target in the design of support schemes, costs of support and cooperation mechanisms;