The European Commission’s new set of climate goals, including an increased target to produce 40% of energy within the EU from renewable sources by 2030, has been welcomed by leading industry figures.
Iberdrola chairman and chief executive Ignacio Galán (pictured) said: “The ‘Fit for 55’ package shows that Europe is tackling the climate crisis with urgency and optimism.
“There is no time left to move slowly or allow carbon emissions to have an unabated role in any sector.
“Policies drive change, and we welcome that this package seeks to prioritise cleaner solutions in all sectors than the continued use of fossil fuels.
“Increasing the renewables target to 40% by 2030 is ambitious but achievable.
“Technology advancements and cost reductions in wind and solar and storage mean that renewables is the most competitive form of electricity generation today.
“The energy system can integrate renewables at this scale, as has been proven time and again in many countries in Europe already.
“It will be important for every country to look at their processes for planning and permitting to ensure projects can be delivered in the necessary timescales.
“Europe has the companies willing to invest faster in clean energy, and we hope that all countries now adopt the correct policies to unlock these investments and ensure the energy transition is at the heart of their economic recovery plans.”
WindEurope chief executive Giles Dickson added: “The Fit-for-55 package sends a clear message to consumers and investors.
“The EU wants a major expansion in renewables by 2030, with nearly twice as much new wind as we’re currently building.
“And the EU wants to accelerate the electrification of those sectors that have so far relied on fossil fuels.
“This is good for the climate. And good for the economy.
“The Fit-for-55 package means major new investments. It’s a package for jobs and growth.
“The package will trigger additional demand from industry and other big energy consumers who want to source renewables directly.
“Energy-intensive companies are knocking on our door wanting us to help them decarbonise. And this will only increase.”