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6/14, 7:56 AM (Source: TeleTrader.com)
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EU agrees 32% target for renewables, ethanol caps

Members of the European Parliament and governments of European Union member states declared on Thursday they reached a breakthrough in negotiations about obligatory quotas for energy from renewable sources by 2030, incentives for small solar facilities, the path to ban palm oil and limit the use of first generation biofuels, Euractiv reported.

The objective for energy from renewable sources was set at 32% as Germany resisted any push higher. Its Minister of Energy Peter Altmaier has said initiatives in the sector have lost support due to "unachievable targets." The agreement was struck with "an upward review clause by 2023 at the latest," said MEP Claude Turmes from the Greens group.

The drafts show palm oil imports for transport fuel would be frozen, while that the commodity would be banned by 2030. The renewable energy target in the sector was set at 14%, which should benefit electric cars. The plan includes a limit on production of ethanol and similar fuel at levels reached in 2020, with a target of 3.5% for second generation fuels, ones that are not made from food. Photovoltaic units of up to 25 kilowatts were agreed to be exempted from grid charges.

Breaking the News / IT