In 2009 the EU started to promote renewable energy sources and set the target of using 20% of renewable energy sources by 2020. In 2018 another target was agreed, this time to use 32% of renewable energy until 2030, following the Art. 194 of the Treaty on the Functioning of the European Union, about Energy.
Although policies play a key role to achieve these targets, businesses are who will lead the energy transition. In Europe, many start-ups are at the forefront of transformation, bringing innovative business ideas to the market and withdrawing market share from stablished operators in sectors such as renewable energy, heating and mobility. In areas such as storage and hydrogen, young companies are amongst the world leaders and they can be the key to clean up a polluting industry. Stablished operators are also relying on start-up innovation to reduce emissions and EU governments are now promoting the sector with multiple support programs.
The EU energy policy aims to promote the development of new and renewable forms of energy in order to better align climate change targets with the new market structure and better integrate them into this structure.
The European Union thus promotes the use of energy from renewable sources and has planned six areas of activity: development of renewable sources in the electricity sector, introduce it to the cooling and heating industry, decarbonisation of the transport sector, empower customers and the EU sustainability criteria in bioenergy, and ensure that the binding target is achieved cost-effectively.
Member States primarily support the renewable energy sources through biofuels-oriented instruments, but they are increasingly promoting e-mobility options and are currently introducing e-mobility subsidies. Globally, for the first time ever, solar and wind energy accounted for most of the new generation of energy in 2019.