FIT FOR 55

Last year the EU increased its greenhouse gas emissions reduction target for 2030 from 40% to 55%. On 14th July 2021, the European Commission tabled legislative changes to enable the EU to reach this new target.

The so-called “Fit-for-55″ package contains changes to over 10 pieces of legislation, including the Renewable Energy Directive, the Energy Tax Directive, the Alternative Fuels Infrastructure Directive and the EU Emissions Trading System.

The Commission proposal raises the EU’s renewable energy target from 32% to 40% by 2030. This means the EU will need 451 GW of wind power capacity by 2030, up from 180 GW today.

This means the EU will need to install 30 GW of new wind farms every year between now and 2030 – a major acceleration in the expansion of wind energy. As it stands, we expect to build only 15 GW a year over 2021-25 - link - Christoph Zipf - link - more like this - link