"EU Parliament Boosts Renewable Energy Targets with New Bill"

1 min read
Source: Reuters.com
"EU Parliament Boosts Renewable Energy Targets with New Bill"
Photo: Reuters.com
TL;DR Summary

The European Union Parliament has passed a bill that sets legally binding targets to accelerate the expansion of renewable energy in the next decade, aiming for 42.5% of EU energy to be renewable by 2030. The law, which replaces the current 32% target, faced challenges during negotiations, with France securing carve-outs for nuclear energy. The bill still needs approval from EU member countries before it becomes law. The new targets aim to drive investments in wind and solar energy, with a focus on local manufacturing.

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