A Brief Look at Europe’s Innovation Potential
EUREC previously released two reports in support of the European Parliament’s proposed amendment to the Renewable Energy Directive (“RED III”) calling for at least 5% of new renewable energy capacity to be of innovative renewable energy technology. This important and timely idea will speed up the commercialization of new, high-quality, European-made renewable energy technology across the EU.
Innovative technologies are prevalent across Europe, and there is great potential for renewable energies in all Member States. This potential must be promoted by adequate funding and support schemes. National strategies will be a key element to kickstart the renewable market. The strategy should include ambitious targets to direct industry in both the short and long term.
These targets should be integrated into Member States’ NECPs to ensure that the target sits within the heart of a Member State’s energy and climate planning but remains flexible to allow for new developments and new technologies.
The attached document contains a brief look at the potential of renewables (and particularly innovative renewables) in some Member States – with a focus on Eastern Europe.