2024/03/17 by Giacomo Di Foggia, Massimo Beccarello
Economics, Econometrics and Finance · Energy · #Climate Change Policy and Economics #Energy, Environment, and Transportation Policies #Global Energy and Sustainability Research
paper · doi:10.1016/j.jup.2024.101729
openalex publication_date 2024/03/17 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/31
Increasing the renewable energy share of electricity generation is central to decarbonization policies, and the European Union has set up binding 2030 targets. This study evaluates the potential enhancement of these countries’ paths toward these targets and provides insights into their performance in meeting their National Energy and Climate Plan targets. It predicts the distance to these targets through a three-step approach and estimates potential improvements. European performance could improve by 1.65% by 2030 if it emulates top-performing countries, independent of further policy interventions. These insights can aid policymakers in designing effective policies and utilities in developing industrial strategies.