Binding and ambitious 2030 RES deployment targets are needed.

 

Renewable energy targets quantitatively express a political commitment that helps to overcome the inertia of existing regulatory frameworks, institutions, investors and incumbent stakeholders. The discontinuation of renewable energy targets after 2020 would be seen as a signal of political divestment after a decade of investment. However, the adoption of binding and sufficiently ambitious 2030 RES deployment targets has many benefits: they provide a necessary guideline for long term grid and power system planning; they provide the longer-term visibility and credibility to encourage investment in the RES supply chain, in transmission and distribution grids and in other flexibility sources like demand response, storage and flexible generation; they increase innovation and reduce costs by providing more trust in the long term policy framework; and they provide guidance to legislators and administrations when adopting and implementing relevant policies.

By enhancing the credibility of longer-term carbon targets, binding and ambitious renewable targets are not detrimental, but instrumental to a robust decarbonisation strategy.

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