12 June 2020
Response to the public consultation on the Renewable Energy Financing Mechanism
This paper sets out WindEurope’s response to the European Commission’s consultation on the draft Implementing Regulation of the Renewable Energy Financing Mechanism. The Mechanism, whose legal basis is in the Governance Regulation, has the double purpose of filling the gap in case the EU is not on track with the achievement of the 32% renewable energy target by 2030, and of boosting the deployment of renewable energy projects in Europe. If well designed and implemented, the Mechanism is an important instrument to reach the 2030 – and 2050 – European climate and energy targets.
