Europe Renewable Energy Policy Handbook, 2023 Update
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Europe Renewable Energy Policy Overview
The European Union has adopted integrated policies to ensure its progress towards 2030 climate and energy targets and its international commitments under the Paris Agreement. All European Union (EU) member countries have designated targets by the EU to conform to international emission norms.
The Europe renewable energy handbook offers comprehensive information on major policies governing the renewable energy market in most of Europe. The report also discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of the overall growth potential of the renewable energy industry. Moreover, the report provides major technology-specific policies and incentives provided in the region.
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European Union Renewable Energy Targets
EU targets to be climate-neutral by 2050. This objective is at the heart of the European Green Deal which is a roadmap for making the EU’s economy sustainable and it is also in line with the EU’s commitment to global climate action under the Paris Agreement.All the member states of EU have prepared integrated National Energy and Climate Plans (NECPs) to achieve the 2030 climate and energy targets efficiently and coherently.
Europe Renewable Energy Regulatory Landscape
Feed-in Tariffs (FITs) have played a major role in developing renewable energy in Europe. In recent years, some of the EU countries shifted from FITs to the competitive auction which is a more market-driven mechanism. Another support mechanism to promote renewable energy is Net-metering. While some countries including Belgium, Denmark, Finland, France, Greece, Italy, Netherlands, Poland, and Ukraine have already adopted it, there is a huge potential as it applies mostly to residences and private buildings. This arrangement lets individuals invest a small amount to save their electricity expenses over the long term while supplying surplus electricity to the grid.
Austria: The key policy supporting renewable power generation is the Green Electricity Act, also known as Okostromgesetz, which was introduced in 2003, and resulted in the increased deployment of wind energy, biomass, and biogas facilities. However, due to budget restrictions and reduced guaranteed duration of support, the construction of renewable projects decreased significantly. To address this issue, the government amended the act in 2009, bringing longer support periods, revised and increased tariffs, and an increase in the overall budget. These amendments, coupled with a reduction in the cost of renewable technologies, stimulated new capacity additions.
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Belgium: The renewables market is mainly regulated at the regional level except for offshore power production and storage in the North Sea which is regulated by the federal government. Offshore renewable generation is supported through the federal system of green certificates. In 2019, the Belgium government revealed plans to introduce a competitive tendering process for new offshore wind farms. Due to unprecedented delays, there are no expected offshore wind capacity additions till possibly 2025.
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Czech Republic: The Energy Regulatory Office (ERU) is one of the major central authorities in the Czech Republic’s energy market. It is responsible for energy regulation in the Czech Republic. The ERU also monitors market compliance with the provisions of The Energy Act to protect customers’ interests in business activities in the electricity and gas sectors. The NECP and The State Energy Policy are the two major policies in the country that have set objectives and a roadmap for the development of the renewable power sector and to eventually achieve climate goals. The government offers Feed-in Tariff (FiT) or green bonus to support the development of renewable power plants.
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Denmark: The Danish Energy Agency (DEA), which was established in 1976 under the Ministry of Climate, Energy & Utilities, is responsible for energy production, supply, and consumption in the country. Since the global energy crisis of 1973, Denmark is focused on gaining energy security by strengthening their renewable energy policies. For that purpose, the country installed wind turbines in 1981 and introduced FITs for electricity production in 1993. In 2000, the Danish government replaced the feed-in tariff with a system of green certificates to ensure the expansion of the renewable energy sector. Moreover, in June 2018, the Danish government signed an energy agreement with unanimous support from all parties in the Danish parliament. This agreement constituted a framework for Denmark’s policy on climate and energy, up to 2020 and outlines further to 2050.
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Finland: The Energy Authority – ‘Energiavirasto’ is the primary authority for the implementation of Finland’s renewable energy policies and of the European Union’s (EU) directives related to renewable energy in the country. The Energy Authority conducts auctions for renewable power projects and governs the FIT in the country. The Energy Authority also manages the guarantee of origin system for renewable electricity and manages compliance with the sustainability of biofuels and fuel quality.
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Segments Covered in the Report
Europe Renewable Energy Policy Country-Level Outlook (2023)
- Austria
- Belgium
- Croatia
- Czech Republic
- Denmark
- Finland
- France
- Germany
- Greece
- Italy
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Russia
- Spain
- Sweden
- Switzerland
- Turkey
- Ukraine
- The UK
Scope
The report provides:
- Policy measures and incentives are used by countries in the Europe region to promote renewable energy.
- Promotional measures in the Europe region both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the region.
- Information on 22 major countries in the Europe region including Austria, Belgium, Croatia, Czech Republic, Denmark, and Finland, among others.
Reasons to Buy
- Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- Identify opportunities and challenges in exploiting various renewable technologies.
- Compare the level of support provided to different renewable energy technologies in different countries in the region.
- Be ahead of the competition by keeping yourself abreast of all the latest policy changes.
Table of Contents
Frequently asked questions
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Which key policy supports renewable power generation in Austria?
The key policy supporting renewable power generation in Austria is the Green Electricity Act.
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Who is the major central authority in the Czech Republic?
The Energy Regulatory Office (ERU) is one of the major central authorities in the Czech Republic’s energy market.
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Which agency is responsible for energy production, supply, and consumption in Denmark?
The Danish Energy Agency (DEA), which was established in 1976 under the Ministry of Climate, Energy & Utilities, is responsible for energy production, supply, and consumption in the country.
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Which primary authority is responsible for the implementation of Finland’s renewable energy policies?
The Energy Authority – ‘Energiavirasto’ is the primary authority responsible for the implementation of Finland’s renewable energy policies.
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