(34)Regulation (EU) 2018/1999 provides for the use of the Union renewable energy financing mechanism as a tool to facilitate the achievement of the Union's binding target of renewable energy in 2030. Pursuant to Directive (EU) 2018/2001 as amended by Directive (EU) 2023/2413 of the European Parliament and of the Councilnote, Member States are to collectively endeavour to increase the share of energy from renewable sources in the Union’s gross final consumption of energy in 2030 to 45 % in addition to the binding Union target of 42,5 %. Therefore, the Commission should assess whether measures at Union level could contribute to the achievement of the additional 2,5 % share of energy from renewable sources in the Union’s gross final consumption of energy, complementing national measures. In that context, the Commission should analyse the possibility to use the Union renewable energy financing mechanism to organise Union-level renewable energy auctions in line with the relevant regulatory framework.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.