Clifford Chance
The EU renewable energy financing mechanism – will it incentivise investment?
7 October 2021
In order to achieve the target of reducing emissions by 55% by 2030, the European Commission has proposed that the share of renewable energy in the power mix increases to 40% from 32%. Together with the EU’s 2050 targets for the production of green hydrogen, an electricity-intensive process, this will require new sources of renewable energy.
This briefing looks at the EU Renewable Energy Financing mechanism, which is designed to incentivise and support the development of renewable energy projects, reinforcing cooperation among EU Member States.
