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EU green goals ‘insufficient’

Corporate leaders report calls for more ambitious renewables targets

EU green goals ‘insufficient’ image

A group of companies, including EDF and Acciona, feel the EU should increase its renewable energy ambitions from the current proposed non-binding target of 27% by 2030.

The companies made the call in a report – ‘21st Century energy: Business reflections on renewables – produced by The Prince of Wales’s Corporate Leaders Group, which brings together executives from European industry to accelerate progress towards a low-carbon, sustainable economy.

The report interviewed 15 companies to canvas business opinions on current renewables ambitions in the EU.

It found that inconsistent, vague and unambitious EU policies are stifling investment and slowing the transition to a cleaner energy future.

Corporate Leaders Group director Jill Duggan said: “Leading companies from across Europe are telling us that weak renewables targets hinder investment in cleaner energy, and lack of clarity at member state level hampers decision-making.

“What the majority of these companies want is ambitious member state targets for renewable energy to drive their investment and purchasing decisions. Those countries with the strongest targets will be the most attractive for inward investment.”

The other companies involved in the report are Anglian Water, BT, Doosan Babcock, DSM, Eurelectric, GSK, Google, IKEA Group, Interface, LafargeHolcim, Philips Lighting, Sappi, Stora Enso.

Image: FreeImages

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