Top EU Companies Call for Strong Renewable Energy Policy

Eight of Europe’s top companies have urged Brussels to produce a strong 2030 climate and energy framework, including an ambitious and legally binding target for the share of renewables in the energy mix of more than 30 per cent. 

In a statement, the group states that a stand-alone, stable and predictable 2030 framework with an ambitious binding renewables target alongside an ambitious binding greenhouse gas reduction target is key to minimising cost.

The statement later argues that a legally binding renewable energy target will “reduce EU exposure to volatile fossil fuel prices” and “allow the long-term cost reductions in renewable energy technologies to continue.”

Collectively the group – comprising Acciona, Alstom, Dong Energy, EnBW, ERG, Gamesa, RES and Vestas – represents 176,000 jobs and over $335.7bn in annual turnover, providing clean energy to more than 70 countries.

The group says Europe must remain on the path it has chosen as “2030 is already at our doorstep”. It says the energy sector has long investment cycles, and the investment decisions in the EU’s liberalised energy markets need as much policy certainty as possible.

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