European Council with Proposal for Reduced VAT Rates on Certain Goods Including Solar PV Modules for Residential and Public Interest Use

/SOFIA, December 15, 2021, 15:30 GMT, Inea Consulting Ltd. /

In partnership with eight other renewable energy and city associations, with the endorsement of scientists from the IPCC and leading universities, SolarPower Europe is calling on members of the European Parliament and EU Member States representatives to endorse a minimum 45% renewable target by 2030 to fight the climate crisis. The letter published on 8 December 2021 underlines the critical importance of accelerating the clean energy transition to avoid climate catastrophe.

The IPCC has warned that we are entering code red for humanity: 2°C warming will be exceeded within this century unless we make deep reductions in GHG emissions.

While through the European Green Deal, the European Union is making substantial progress, more ambition is needed. The 40% renewable energy target by 2030 proposed by the European Commission is a step in the right direction, but we must go further and faster. A 40% renewable target is incompatible with the EU's 2030 GHG reduction target and the Paris Agreement commitment to limit temperature rise to below 1.5 °C.

SolarPower Europe is calling for this increased renewable energy target by 2030 to meet our Paris Agreement commitments and avert the most dangerous effects of climate change. It is the most cost-efficient pathway to climate neutrality and would ensure the EU's 55% GHG emission reduction target is met, in line with the 1.5 °C Paris Agreement scenario, according to LUT University.

The European solar sector has demonstrated its immense growth potential, and its resilience to drive sustainable growth in the long-term. But there is so much more to harvest. Solar energy is the most job-intensive energy source, with the potential of creating more than 4 million jobs globally by 2050. It is also the most versatile and affordable energy source in history, supporting the competitiveness of EU businesses, the sustainability of European homes, and providing benefits well beyond the energy sector.

We must fast-track the energy transition, targetting 45% renewable energy in Europe by 2030 to meet the 1.5 °C Paris limit and prevent irreversible changes to our planet’s climates.

Inea Consulting Ltd. supports the 'Yes to 45% Renewable Energy Target in the European Union (EU) by 2030' and will employ all necessary efforts to popularise this important initiative. 

The more information and answers to your questions about the European Solar Power market and related content you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2021 ÷ 2030

To download a brochure with sample pages of this exceptional report, please access from here: Sample Pages - Europe Solar Photovoltaic (PV) Market Outlook 2021 ÷ 2030

For a better understanding of the benefits of using our reports, you may read here: Benefit List - Reports of Renewable Market Watch - 2021

About SolarPower Europe

SolarPower Europe’s aim is to ensure that more energy is generated by solar than any other energy source by 2030 and to lead our members to make solar the core of a smart, sustainable, secure and inclusive energy system in order to reach carbon neutrality before 2050.

About Inea Consulting Ltd.

Inea Consulting Ltd. is a well-established Renewable Energy Advisory firm headquartered in Varna, Bulgaria, with a network in Austria, Germany, the UK, Italy, France, Netherlands, North America, Dubai and other countries. The Company's mission is to render prime investment and engineering advisory services to regionally and internationally operating Clients in the fields of cleantech investments, mergers and acquisitions, business development and project finance. We focus particularly on the emerging markets in the Central-Eastern and South-Eastern Europe, CIS countries, MENA countries and LATAM countries.

Inea Consulting Ltd. is a corporate member of SolarPower Europe. Amongst our clients are top-tier companies such as Areva, Asian Development Bank, Fortum, RWE, Hyundai Heavy Industries, GDF Suez, Toshiba Corporation, COWI, Mitsubishi, ProCredit Bank Group, Hanwha Q-Cells, CEZ, Fuhrländer, Sharp, Lahmeyer International, SMA and many others. For more information about Inea Consulting Ltd. please visit: https://ineaconsulting.eu/en/about-us