BRUSSELS - European Union countries’ ambassadors struck a deal on Friday on a landmark renewable energy law after the Commission agreed to possibly exempt certain ammonia plants from renewable fuel targets.
The law significantly increases the EU’s renewable energy targets, requiring 42.5 per cent of EU energy to be renewable by 2030, replacing the bloc’s current 32 per cent target for that date. “The Commission, on a case by case basis... will not take into account these existing plants while considering whether they have been fully amortised and when the final investment decision for retrofitting has been taken.”
France and some eastern European countries with nuclear energy interests held up the renewable energy law for weeks over the issue - despite EU countries and lawmakers already agreeing a deal on the law in March which was supposed to be final.