EU countries running short of time to meet 2020 renewable energy targets

The 28 EU member states are running out of time to hit targets for renewables in final energy consumption, with several countries likely to fall short. If states do not meet the legally binding commitments by 2020, they could face hefty fines from the European Commission.

With the deadline fast approaching, potential strategies to meet the target include overhauling subsidy schemes for renewable producers or seeking to reduce domestic power demand. Another option is for countries to arrange statistical transfers of a specified amount of energy from renewable sources from other member states which are currently exceeding their targets.

This ICIS infographic examines which countries are on course to meet their 2020 target, along with the potential price impact, with a focus on France, Hungary, The Netherlands, Ireland and the EU as a whole.

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