The FINANCIAL — The revised Renewable Energy Directive has revised upwards the EU’s 2030 renewable energy target from 32% to 42.5% (with an aim to increase it to 45%). Therefore, EU countries need to intensify their efforts to collectively comply with the new EU target for 2030, which requires increasing the share of renewable energy sources in the EU’s gross final energy consumption by almost 20 pp.
Sweden – the highest share of energy from renewable sources
Sweden leads among EU countries, with nearly two-thirds (66.0%) of its gross final energy consumption in 2022 derived from renewable sources. Sweden relied primarily on hydro, wind, solid and liquid biofuels, as well as heat pumps. Finland (47.9%) followed, also relying on hydro, wind and solid biofuels, ahead of Latvia (43.3%), which depended mostly on hydro. Both Denmark (41.6%), followed by Estonia (38.5%), got most of the renewables from wind and solid…
