EU Agrees Deal To Raise Renewable Energy Target To 42.5% By 2030

The European Union member states and the European Parliament on Thursday reached a political agreement to raise the targeted share of renewable energy in the EU’s energy consumption to 42.5% by 2030, up from a current target of 32%. The target is binding, Markus Pieper, a Member of the European Parliament, said on Twitter, adding that the deal also envisages faster approval processes for wind and solar projects.

“A good day for Europe's energy transition,” Pieper said. The provisional political agreement – part of the EU’s…