War and inflation upend traditional thinking on transition to cleaner fuel
, traditional thinking about a transition to cleaner fuel to combat climate change has been upended.
is also back on the table for some countries — even for those such as Germany that have been historically opposed to it.In its RePowerEU proposals set out in May, the EU said it wanted to increase its already enlarged target for renewable energy from 32 per cent of total power production to 45 per cent by 2030. But, despite desperate attempts to speed up clean power production, hurdles remain.
The UAE-based International Renewable Energy Agency, an intergovernmental body, recorded the average EU capacity growth of onshore wind farms in the past five years as 8.3GW, with a maximum annual increase of 9.9GW. To reach the EU’s target, however, 26.8GW would need to be built each year.It is a similar story for solar panels. Average EU growth over the past five years has been 13.7GW with a maximum achieved of 21.4GW. But the EU target requires 55.4GW of annual growth.
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