EU promotes the use of renewable energy

    The European Commission (EU) regulator, the European Commission, has revised its Renewable Solar Panel Kit For Home Energy Law to set targets for the use of sustainable fuels in transportation, heating and cooling.

    The plan requires emissions from new cars and trucks to be reduced by 65% by 2030 and 100% by 2035 compared to the 2021 level.

    These stricter pollution standards are accompanied by government regulations to strengthen vehicle charging infrastructure. The amendment also includes a proposal to increase the EU’s electricity derived from renewable energy sources from the current 32% to 40% by 2030.

    The law can provide guidance for other countries to switch to net zero emissions and encourage investment in sectors that promote innovation in renewable energy.

    The U.S. Energy Information Administration EIA also reported last week that the country's growth in large-scale solar power generation is expected to exceed wind energy for the first time in 2022.

    EIA's short-term energy outlook estimates that wind and solar power generation will reach 15% of the total US power generation by next year, and 11% in 2020. It is expected that by 2022, there will be an increase of 17 GW of solar power generation and an increase of 6 GW of wind power capacity.