Tuesday, 20 December 2022
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Yesterday, the European Council rejected the 45% renewables target under RePowerEU amendments to the Renewable Energy Directive (IV), keeping the original 40% in place (RED III). The Energy Ministers also greenlighted renewable "go-to areas" for faster renewables deployment. Under temporary emergency measures, the natural gas price cap was agreed to be at the same level as the market revenue cap on renewables (180 EUR/MWh) and faster permitting times were approved, inter alia.
On 19 December, the Energy Ministers gathered to deliver their say on the gas price cap and faster permitting times under the emergency measures and amendments to the Renewable Energy Directive under the RePowerEU plan, presented in May 2021. Out of all items on the agenda, only the renewable–related emergency measures will have a more ...