GlobalData: Europe Renewable Energy Policy Handbook 2010 on reports-research.com
The EU’s New Directive to Promote Renewables Will Bolster the Share of Renewable Energy in the Member States
A new EU directive on renewable energy, agreed in December 2008, requires each member state to increase its share of renewable energy, such as solar, wind or hydro, in the primary energy mix from the current 8.5% to 20% by 2020. A 10% share of 'green fuels' in transport is also included within the overall EU target (EurActiv 05/12/08).
As per the binding agreement signed by every nation in the the 27-member EU, the share of renewable energy ought to be increased by 5.5% from 2005 levels by 2020 and the remaining would be calculated based on the Gross Domestic Product (GDP) of the region.
There are interim targets set to ascertain the consistent advancement towards the accomplishment of targets by 2020. The interim targets are as follows:
20% average between 2011 and 2012;
30% average between 2013 and 2014;
45% average between 2015 and 2016, and;
65% average between 2017 and 2018.
The Member countries can choose the preferred mix of renewables to achieve the overall targets. The new proposal mandates the submission of National Action Plans (NAPs) depending on the targets. Moreover, the Member States ought to submit progress reports every two years across electricity, heating and cooling, and transport.
Strong and Stable Policy Initiatives Will Drive the Growth of Ethanol and Biofuel Markets
Biofuels account for 5-6% of the total transportation fuels in 2010 and it has not experienced a significant change from 2009. The lack of a stable policy framework for biofuels dissuades investors in this sector. The usage of biofuels has declined after the government withdrew tax exemption for consumers. The use of ethanol and biodiesel in power vehicles would stagnate over the next few years due to insufficient government incentives. Tax breaks would boost the growth of this sector.
New Solar Feed-in-Tariffs Will Bolster Spain’s Solar PV Panels Market
In February 2009, the Spanish government proposed new solar feed-in-tariffs to promote the domestic solar industry. The government has created a register of solar projects to provide new feed-in-tariffs. The proposal was intended to support the solar developers and equipment suppliers. The suppliers and developers have been holding back from investing from October 2008 due to the anticipated announcements. The new tariff program inculcates government-set rates for solar power through long term contracts.
A Mature Market Compels Germany to Reduce Feed-in-Tariffs For Renewables
Supportive feed-in-tariffs and financial incentives have driven the growth of the German renewable energy market and transformed it into one of the world’s largest renewable energy market. However, concerns on over-subsidization and relatively stabilized solar PV market have encouraged the German government to reduce the feed-in-tariffs. After repeated retrenchments, in June 2010, Germany announced a 16% cut in feed-in-tariffs, which would be affective from July 2010. Reduced tariffs would be applicable for all rooftop solar panel systems and those built on disused land such as former army bases. Additionally, solar installations on converted arable land will not receive any incentive.
Government’s Support Through Financial Programs Propel the Growth of UK’s Offshore Wind Industry
The UK’s £75 billion program was intended to promote the domestic wind offshore industry. The financial support would be used to build offshore wind turbines for the next phase of renewable power generation in the country. The successful bidders for 25GW (GigaWatt) wind farms across the nine zones in the seas around the UK have been announced. The offshore wind industry will aid in increasing renewable energy products and also create thousands of new jobs. The UK’s immense potential for wind energy has prompted this initiative.
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