Thursday, June 18, 2015

EU is expected to meet 20% renewable energy target by 2020

The European Commission's renewable energy progress report shows that 25 of 28 EU countries are going to meet their 2013/2014 interim renewable energy targets. In 2014, the projected share of renewable energy in the gross final energy consumption is 15.3%.
Europe currently has three times more renewable power per capita than anywhere else in the world. A renewable energy industry production is worth over €130 billion a year and it employs over one million people. As a result, in 2013 demand for fossil fuels in EU was reduced by 116 Mtoe and 388 Mt of GHG emissions were avoided.