New energy saving and renewables targets adopted by the European Union on Tuesday put the bloc on course to overshoot its climate goals, the EU executive said, as it cut its projections of energy usage to account for Brexit. Under the new rules adopted by the European Parliament on Tuesday, the EU is targeting energy savings of 32.5 percent and a renewable energy uplift of 32 percent by 2030. That will put the bloc on course to cut emissions by 45 percent from 1990 levels by 2030 versus a target of 40 percent, the EU executive said. “With today’s vote we unlock the true potential of Europe’s clean energy transition, helping us meet our Paris Agreement goals, translating into more jobs, lower energy bills for consumers and less energy imports,” European Commission Vice President Maros Sefcovic said.
Reuters 13th Nov 2018 read more »