European & US Renewable Energy Targets

London, UK --Latest figures on the progress of renewable energy in the European Union have been revealed by the European Commission (EC). They show that the 2020 renewable energy policy goals are likely to be met and exceeded if EU member states fully implement their national renewable energy action plans and if financing instruments are improved.However, the EC has also stressed the need for further co-operation between member states, reinforcing the convergence of support schemes and better integration of renewable energy into the single European market to ensure that renewable technologies become economically competitive as soon as possible.

According to the Commission statement, three mechanisms favour such cooperation: