Search DubaiPRNetwork.com

Home >> Energy and Industry

EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA

EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA

Sunday, June 17, 2018/ Editor -  

Share

Home >> Energy and Industry

Abu Dhabi, UAE: 17 June 2018:  Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission today, Mr. Amin said:

“The EU’s decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030 is a move that consolidates Europe’s position at the forefront of the global energy transformation, and establishes a positive decarbonisation pathway in line with its commitments under the Paris Agreement.

“It is also recognition that the new economics of renewable energy have propelled it to the forefront of energy policy and investment decision making as governments around the world look to address long-term climate and economic agendas. Our renewable energy roadmap analysis, delivered to the European Commission earlier this year, identified that higher shares of renewable energy in the EU were cost-effective and would have a net positive economic impact.

“This ambitious and achievable new strategy will drive significant additional investment activity, creating thousands of new skilled jobs and improving health and wellbeing whilst decarbonising the European energy system. We welcome the decision and believe it can act as a source of encouragement to global policymakers, and as a clear reminder of the centrality of renewable energy to both economic prosperity and climate stability.”

In February, IRENA presented a report entitled ‘Renewable Energy Prospects for the European Union’ – at the request of the European Commission, outling the EU’s cost effective potential to increase its share of renewables to 34 per cent by 2030 with a net positive economic impact.


Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

CNN Exclusive: Finnish President Niinistö analyses the Helsinki Summit

Brunch with the Girls this Summer

Before we say Goodbye to Flamingoes and Pineapples, Celebrate Summer 2018 with k ...

Middle East Immigration News Flash 60/2018

Dubai Health Authority launches scientific research competition to celebrate Yea ...

The Dubai Business Women Council looks to enhance economic relations with Serbia

Continued Success: GROHE Exceeds Sustainability Goals

New Etihad Airways Whatsapp Service Set to Transform Customer Service Communicat ...

du Delivers Premium Entertainment on the Go with the Launch of its Special Offer ...

Ensure clean and pure air in your home this summer

IKEA Announces Upcoming Global Collections and Collaborations for 2019

Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen ...

Global Businesses Turn to Oracle Blockchain Service to Speed Transactions Secure ...

Ferrari's turbo-charged V8 is voted the best engine of the last 20 years

ENBD REIT Announces Q1 NAV of USD 289 million

Canvas on Wrist – Swatch Partners Up With Riksmuseum

Ajman Media City Free Zone , the brand new investment hub of UAE, announces a st ...

DP World and EGA Sign Important Agreement to Support Aluminium Exports

Egypt leads race to win Cartoon Network's Toon Cup from among 70 countries world ...

Vegard Stake Laengen's Stage-by-Stage Guide to the Tour De France 2018: Week Two