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Revised Renewables Energy Directive (RED) II and What to Expect
Background: The 1st Renewable Energy Directive (RED) was adopted in 2009, aiming at minimum 20% share of renewable energy sources into the energy consumption by 2020. The RED was revised (recast) in 2018 to deliver even higher targets of minimum 32% share of renewables of energy consumption by 2030. Subsequently, European Green Deal (EGD) was…
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5 Key Take away from “Fit for 55” Package
On July14, 2021, European Commission adopted a package of legislative proposals “Fit for 55”. An EU political pledge to reduce greenhouse gas emissions by 55% in 2030 compared to 1990 levels (previous target was 40% reduction) with European Green Deal as a blueprint for change under 2015 Paris Agreement.