Šefčovič believes a 30% renewable energy target could be up for discussion for the 2030 package of clean energy laws, alongside the 27% agreed by EU leaders back in 2014.
The 27% target was included in the renewable energy directive presented by the Commission in November 2016. It is currently being discussed by lawmakers in the EU Parliament and member states representatives in the Council of Ministers.
But the rapid fall in renewable energy prices that occurred in the meantime has been “impressive”, and is forcing a rethink of the EU’s energy plans for 2030, Šefčovič told journalists on Thursday (23 November).
“The costs of reaching the 27% and 30% target are roughly the same,” Šefčovič explained, saying the fall “happened in a very short period of time”, disrupting the EU’s cost projections for 2030.