Renewable Energy beyond 2020 (Communication)
The EU legal framework for promoting the use of renewable energies will expire in 2020. The European Commission now presents considerations - which are open-ended as regards their outcome – if and how the use of renewable energies should be encouraged beyond 2020. It will draw up guidelines to facilitate the cross-border trade with renewable energy and, if necessary, for an adjustment of the funding policies of Member States.
Investors need to be given clarity early on regarding the question of which renewable energy policy the EU will pursue upon the expiry of the Renewable Energy Directive in 2020. The Commission’s Communication comes at the right time. The measures announced by the Commission which are intended to bring about an increased Europeanization and internationalisation of the renewable energy policy can have cost-reducing effects and boost competition in the internal energy market.