Mandatory_renewable_energy_target

Mandatory renewable energy target

Mandatory renewable energy target

Add article description


Mandatory renewable energy targets are part of government legislated schemes which require electricity merchandisers to source-specific amounts of aggregate electricity sales from renewable energy sources according to a fixed time frame. The objective of these schemes is to promote renewable energy and decrease dependency on fossil fuels. If this results in an additional expenditure of electricity, the additional cost is distributed across most customers by increases in other tariffs. The cost of this measure is therefore not funded by the government budgets, except for costs of establishing and monitoring the scheme and any audit and enforcement actions. As the cost of renewable energy has become cheaper than other sources, meeting and exceeding a renewable energy target will also reduce the expenditure of electricity to consumers.

At least 67 countries have renewable energy policy targets of some kind. In Europe, 28 European Union members states and 8 Energy Community Contracting Parties have legally binding renewable energy targets. The EU baseline target is 20% by 2020, while the United States also has a national RET of 20%. Similarly, Canada has 9 provincial RETs but no national target for renewable energy (although it does have a 2030 non-emitting target and coal phase-out by 2030). Targets are typically for shares of electricity production, but some are defined as by primary energy supply, installed capacity, or otherwise. While some targets are based on 2010-2012 data, many are now for 2020, which bonds in with the IPCC suggested greenhouse gas emission cuts of 25 to 40% by Annex I countries by 2020, although some are for 2025.[1]

Overview

The wind, Sun, and biomass are three renewable energy sources

Renewable energy technologies are essential contributors to the energy supply portfolio, as they contribute to world energy security, reduce dependency on fossil fuels, and provide opportunities for mitigating greenhouse gases.[2] The International Energy Agency has defined three generations of renewable energy technologies, reaching back over 100 years:

First-generation technologies are well established. However, second-generation technologies and third-generation technologies depend on further promotion by the public sector.[2] The introduction of mandatory renewable energy targets is one important way in which governments can encourage the wider use of renewables.

Renewable energy targets exist in at least 66 countries around the world, including the 27 European Union countries, 29 U.S. states, and 9 Canadian provinces. Most targets are for shares of electricity production, primary energy, and/or final energy for a future year. Most targets aim for the 2010–2012 timeframe, although an increasing number of targets aim for 2020, and there is now an EU-wide target of 20% of final energy by 2020, and a Chinese target of 15% of primary energy by 2020.[3]

Targets by country

Australia

In 2001, the federal government introduced a Mandatory Renewable Energy Target (MRET) of 9,500 GWh of new generation, with the scheme running until at least 2020.[4] This represents an increase of new renewable electricity generation of about 4% of Australia's total electricity generation and a doubling of renewable generation from 1997 levels. Australia's renewable energy target does not cover heating or transport energy like Europe's or China's, Australia's target is therefore equivalent of approximately 5% of all energy from renewable sources.

An Expanded Renewable Energy Target was passed on 20 August 2009, to ensure that renewable energy obtains a 20% share of electricity supply in Australia by 2020. To ensure this, the Labor government committed that the MRET will increase from 9,500 gigawatt-hours to 45,000 gigawatt-hours by 2020. The scheme was to continue until 2030.[5] After 2020, the proposed Emissions Trading Scheme and improved efficiencies from innovation and manufacture was expected to allow the MRET to be phased out by 2030.[citation needed] The target was criticised as unambitious and ineffective in reducing Australia's fossil fuel dependency, as it only applied to generated electricity, but not to the 77% of energy production exported, nor to energy sources which are not used for electricity generation, such as the oil used in transportation. Thus 20% renewable energy in electricity generation would represent less than 2% of total energy production in Australia.[6]

In 2011 the 'expanded MRET' was split into two schemes: a Large-scale Renewable Energy Target (LRET) of 41,000 GWh for utility-scale renewable generators, and an uncapped Small-scale Renewable Energy Scheme for small household and commercial-scale generators. Following the 2014 Warburton Review initiated by the Abbott government, and subsequent negotiations with the Labor Opposition, in June 2015 the LRET target was reduced to 33,000 GWh.[7][8]

United States

As of July 2010, 30 US states and DC have established mandatory renewable energy targets, and a further three have voluntary targets.[9] The Energy Independence and Security Act of 2007 has set a target for 36 billion US gallons (140,000,000 m3) of biofuel produced annually by 2022. Of that, 21 billion US gallons (79,000,000 m3) shall be advanced biofuels (derived from feedstock other than corn starch). Of the 21 billion US gallons (79,000,000 m3), 16 billion shall come from cellulosic ethanol. The remaining 5 billion US gallons (19,000,000 m3) shall come from biomass-based diesel and other advanced biofuels.[10] For sources other than biofuels, The United States carries no mandatory renewable energy targets although they do support the growth of renewable energy industries with subsidies, feed-in tariffs, tax exemptions, and other financial support measures.[11]

Renewable energy targets by region

The European Union (EU) has a renewable energy target of 20% renewables target by 2020.[12] This is followed by a more ambitious target of 35% renewable energy by 2030.[13]

NAFTA (US, Canada and Mexico) has a 50% renewable energy sources target by 2025 in North America.[14]

Latin America pledged 70% renewable energy by 2030.[15]

The West African States (ECOWAS) aim for 38% renewable energy by 2030 achieved through the creation of 20GW of solar.[16] The African Union also aims for a minimum of 10GW of renewable energy on the continent by 2030.[17]

Table of renewable energy and targets

Overview

More information Region, Current Share ...

European countries

More information Country, Current Share % ...

Other countries

More information Country, Current share ...

See also


References

  1. Renewable Energy (Electricity) Amendment Bill 2015
  2. "Renewable Energy Target - History of the scheme". www.cleanenergyregulator.gov.au. 30 November 2016. Retrieved 2016-07-26.
  3. "State Renewable Portfolio Standards and Goals". www.ncsl.org. Retrieved 2021-11-22.
  4. Energy Independence and Security Act of 2007, P.L. 110-140
  5. Renewables 2007 Global Status Report, http://www.worldwatch.org/files/pdf/renewables2007.pdf Archived 2008-04-08 at the Wayback Machine
  6. "Renewable energy | Energy". ec.europa.eu. Retrieved 2019-09-01.
  7. Vaughan, Adam (2018-06-14). "EU raises renewable energy targets to 32% by 2030". The Guardian. ISSN 0261-3077. Retrieved 2019-09-01.
  8. "Renewable energy now accounts for a third of global power capacity". RenewEconomy. 2019-04-03. Retrieved 2019-09-01.
  9. Frangoul, Anmar (2019-10-21). "Renewable capacity set for 50% growth over next few years, IEA says". CNBC. Retrieved 2020-01-08.
  10. Richard, Craig. "European Parliament approves 35% renewables target". www.windpowermonthly.com. Retrieved 2020-01-08.
  11. Ltd, Renews (2020-01-08). "Belgian clean power output grows 17%". reNEWS - Renewable Energy News. Retrieved 2020-01-08.
  12. "Renewable energy in the European Union", Wikipedia, 2019-08-19, retrieved 2019-09-01
  13. Simon, Frédéric (2019-09-24). "Three EU countries bump up renewable energy goal for 2030". www.euractiv.com. Retrieved 2020-01-08.
  14. "Denmark, The Little Country With Big Renewable Energy Goals". CleanTechnica. 2016-03-09. Retrieved 2019-09-01.
  15. "Finland to be carbon neutral by 2035. One of the fastest targets ever set". Climate Home News. 2019-06-03. Retrieved 2019-09-01.
  16. Simon, Frédéric (2019-09-24). "Three EU countries bump up renewable energy goal for 2030". www.euractiv.com. Retrieved 2020-01-08.
  17. Parkinson, Giles (2019-06-03). "Germany renewable energy share jumps to record 47% for first five months of year". RenewEconomy. Retrieved 2019-09-01.
  18. Simon, Frédéric (2019-09-24). "Three EU countries bump up renewable energy goal for 2030". www.euractiv.com. Retrieved 2020-01-08.
  19. "Ireland unveils plan for 70 per cent renewable energy by 2030". RenewEconomy. 2019-12-03. Retrieved 2020-01-08.
  20. "Energetikos statistika 2016 m." osp.stat.gov.lt (in Lithuanian). Retrieved 2019-09-01.
  21. Deign, Jason (2018-07-06). "Coal-Heavy Poland Moves to Renewables, Finally". www.greentechmedia.com. Retrieved 2019-09-02.
  22. "Portugal targets 80% renewable power generation by 2026". www.enerdata.net. 2022-04-04. Retrieved 2022-11-24.
  23. "Spain sets out plan for 100% renewable electricity by 2050". The Independent. 2018-11-13. Retrieved 2020-01-08.
  24. "Sweden to reach its 2030 renewable energy target this year". World Economic Forum. Retrieved 2019-09-01.
  25. "Switzerland commits to 2050 climate target - World Nuclear News". world-nuclear-news.org. Retrieved 2020-01-08.
  26. Ambrose, Jillian (2019-10-13). "Renewable electricity overtakes fossil fuels in UK for first time". The Guardian. ISSN 0261-3077. Retrieved 2020-01-08.
  27. "Argentina taps its renewable energy potential". World Bank. Retrieved 2019-09-21.
  28. Morton, Adam (2019-07-30). "Clean energy set to provide 35% of Australia's electricity within two years". The Guardian. ISSN 0261-3077. Retrieved 2020-01-08.
  29. Canada, Natural Resources (2017-10-06). "electricity-facts". www.nrcan.gc.ca. Retrieved 2020-02-11.
  30. "Justin Trudeau's narrow victory lays path for net zero carbon Canada". Climate Home News. 2019-10-22. Retrieved 2020-01-08.
  31. Canada, Environment and Climate Change (2016-11-24). "Powering our future with clean electricity". aem. Retrieved 2020-02-11.
  32. "Chile aims to beat its own renewable energy targets". BNamericas. 2019-04-11. Retrieved 2021-02-14.
  33. "China's renewable energy surges after state backing". Nikkei Asian Review. Retrieved 2019-09-21.
  34. "China Sets New Renewables Target of 35 Percent by 2030". Renewable Energy World. 2018-09-26. Retrieved 2020-01-08.
  35. "Eritrea's Intended Nationally Determined Contributions (INDCs) Report" (PDF). UNFCCC. September 2015. p. 7. Retrieved 2021-02-27.
  36. WWF. "Clean, green energy for Greenland - Thin Ice Blog". Thin Ice Blog - WWF. Retrieved 2020-01-09.
  37. "India ups renewable energy target to 500GW by 2030". Institute for Energy Economics & Financial Analysis. 2019-06-27. Retrieved 2020-01-08.
  38. "rek.pdf" (PDF). European Bank for Reconstruction and Development. Retrieved 2021-02-14.
  39. Satubaldina, Assel (2020-12-15). "Tokayev Announces Kazakhstan's Pledge to Reach Carbon Neutrality by 2060". The Astana Times. Retrieved 2020-12-29.
  40. Jalil, Asila (2020-11-20). "Asean ministers set 35% target on renewable energy". The Malaysian Reserve.
  41. "Mexico - Q. Renewable Energy | export.gov". www.export.gov. Retrieved 2019-09-01.
  42. "South Africa announces 2030 renewable energy goals". www.energydigital.com. Retrieved 2020-01-09.

Share this article:

This article uses material from the Wikipedia article Mandatory_renewable_energy_target, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.