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 global final energy consumption (the Reference Case). IRENA has found a number of cost-effective renewable energy options in each Member State which would increase the EU-wide share of renewables to almost 31%. These cost-effective options can be found in the electricity, transport and heating and cooling sector. Additionally, there are a number of more costly options that could be realised in the period up to 2030 that would result in an EU-wide share of renewables of 33%.
Based on these results, the session will discuss the following topics:
- What are the consequences of these results on the use of cooperation mechanisms and the development and design of support schemes?
- What are the macro-economic impacts of higher shares of renewables in the EU?
- What are the critical barriers that need to be addressed to achieve higher shares of renewable energy in the EU?