EU Agrees On New Targets For Renewables
On June 14, 2018, the European Union (EU) reached a deal on the Renewable Energy Directive (REDII),which sets new targets for renewables. REDII represents stricter targets than those discussed in Brussels in 2014, upping the percentage of the EU’s energy that must come from renewable sources to 32 percent of total energy consumption by 2030. The agreement also states that at least 14 percent of transportation fuel must come from renewable sources by 2030, and includes a plan to phase out crop-based biofuels by capping the percentage of such biofuel counted towards EU Renewable Energy requirements at 7 percent of all road and rail transport. In addition to capping the counted percentage of crop-based biofuels, REDII requires the share of advanced biofuels used in transportation to reach 1 percent by 2025, and 3.5 percent by 2030. This agreement is still draft legislation with certain details left to be determined by the European Commission, including a plan to create a certification process of low indirect land use change (ILUC) biofuels that will phase out high-ILUC biofuels, including those made from palm oil. The European Parliament and the European Council still need to approve formally REDII before it goes into effect.