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New European Regulations For The Development Of Renewable Energy Sources For The 2030 Horizon

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  • Paul Calanter

Abstract

The renewable energy sector in the European Union employs more than one million people in 2016. The largest employers in the EU's renewable energy sector are the biomass, wind and solar industries. Growth in this sector should be determined by the latest innovative technologies, which offer areal reduction in greenhouse gas emissions. New technologies and innovations that quickly enter the market through new business models are essential to the transformation of the EU's energy systems and competitiveness. The European Commission proposes a minimum EU-wide binding target of at least 27%for the share of renewable energy in final consumption by 2030. The main framework is therefore the renewable energy Directive, together with the proposals on governance and the design of the electricity market. These proposals create a balanced level for all technologies, while maintaining the climate and energy objectives.

Suggested Citation

  • Paul Calanter, 2017. "New European Regulations For The Development Of Renewable Energy Sources For The 2030 Horizon," Euroinfo, Institute for World Economy, Romanian Academy, vol. 1(11-12), pages 29-39, November .
    • Handle: RePEc:iem:eurinf:v:1:y:2017:i:11-12:p:29-39
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    More about this item

    Keywords

    renewable energy sources; legislation; policies; greenhouse gas emissions;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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