Publisher's Synopsis
The EU has embarked upon a fundamental change in direction of its energy policy, with the agreement by the European Council of the 20-20-20 targets.
The new legislative framework presently being finalised to put this into practice will have profound effects on all those active in the energy industry. Achieving a 20% share of renewables in the EU's energy mix will require massive investments; an increase by roughly 10x the level of wind and solar energy presently installed in Europe today in a period of just 12 years.
This creates both huge opportunities and challenges for EU business. A full understanding of support schemes, obligations, and planning requirements is vital for industry and its advisors.
This volume provides a complete working guide to the new EU legislation.
Highlights:
- The economic, environmental, and energy security rationale underpinning the new proposals.
- National renewable targets, levels and enforcement mechanisms.
- The trading of renewable energy credits and guarantees of origin.
- Biofuels: obligations, sustainability, the Fuel Quality Directive.
- The EU's electricity grid: how will it need to evolve to incorporate the new renewable electricity.
