The Council of the European Union and European Parliament reached provisional agreement on the revision of the Renewable Energy Directive

The Council of the European Union and the European Parliament have reached a provisional agreement on the revision of the EU Renewable Energy Directive (RED II). According to press releases from the European Commission and the Council on March 30, 2023, the agreement raises the EU's binding renewable target for 2030 to a minimum of 42.5%, up from the current 32% target, and the EU would aim to reach 45% of renewables by 2030 with an additional indicative target of 2.5%. The provisional agreement includes more ambitious sector-specific targets in transport, industry, buildings and district heating cooling and accelerated permitting procedures for renewable energy projects.

The directive will come into effect after it is formally adopted by the European Parliament and the Council and published in the EU’s official Journal.

For more information:

European Commission press release: https://ec.europa.eu/commission/presscorner/detail/en/IP_23_2061

The Council of the EU press release: https://www.consilium.europa.eu/en/press/press-releases/2023/03/30/council-and-parliament-reach-deal-on-renewable-energy-directive/