Renewable energy deployment is a no-regrets option needed for achieving the EU’s long-term decarbonisation target to reduce greenhouse gas emissions by 80-95% compared to 1990 levels and limit global warming to +2°C. In addition to climate protection, renewables offer a number of other advantages, including reduction of other harmful air, water and terrestrial impacts, increased security of supply, avoidance of the risks related to radioactivity and nuclear proliferation, and reducing dependence on energy imports.
A growing number of stakeholders and policy makers are calling for the adoption of 2030 renewable energy targets at EU level as well as in individual Member States. While long-term renewable targets are an important signal of political commitment, concrete policies and measures will also be necessary to ensure that renewable deployment increases and that ambitious targets are reached.
In the field of renewable electricity, one of the most important issues is how to guarantee that sufficient investment in additional renewable electricity capacities is triggered, and how to reasonably steer these investments.
In the last years, a large proportion of discussions at EU and national level on existing renewables support schemes have focused on the short term. With the principles presented here, we intend to contribute to a constructive and supportive debate about the long-term framework for investments that Europe will need in the period 2020-2030, in order to successfully implement renewables targets for 2030.
With this time perspective in mind, we no longer talk about “support schemes” for economically inferior renewable energies. Rather, we aim towards an enhanced system and market design, which will provide sufficient inherent incentives for investments into generation capacities based on both renewable energy technologies as well as on the conventional technologies needed as complements. We therefore refer to “remuneration schemes” rather than “support schemes”.