On 6 June 2012, the Commission published a Communication on its renewable energy policy which emphasises the importance of the EU’s aim to achieve a 20% share of renewable energy by 2020. In its Communication, the Commission is calling for a more coordinated approach between Member States in establishing and reforming support schemes; and for an increase in renewable energy trading. The Communication identifies four principal areas on which to focus until 2020 to achieve renewable energy goals while remaining cost-efficient: (1) completing the internal energy market; (2) favouring support schemes which encourage cost reductions and avoid over-compensation; (3) encouraging an increased use of cooperation mechanisms; and (4) further energy cooperation in the Mediterranean. To avoid slumping renewable energy growth, the Communication also puts forward proposals to start the process on preparing future policy options and milestones for 2030. Read more.
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Renewable energy policy: European Commission publishes communication on renewable energy policy
- Mayer Brown LLP
- Gillian Sproul
- European Union
- June 12 2012
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Ting Sim
Legal Counsel
Shell Eastern Petroleum