Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-02-01-Speech-1-108-000"
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"en.20170201.13.1-108-000"2
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"Mr President, the recast of the Renewable Energy Directive is a key part of the Clean Energy package. I am delighted that I will have the chance to work on the proposals that will shape European renewable energy policy for the decade to come and will decide whether we will achieve our goal of remaining the world leader in renewable energy technologies.
I have been asked on numerous occasions in the past week what my priorities for the Renewable Energy Directive are. The answer is very short: investor certainty. Ensuring the climate is right to attract investment into the European renewable energy sector is the key challenge we face in the recast of this directive. It will be important that we put in place an ambitious, but achievable and stable, legislative framework. This is something that we have failed to do in recent years, the biofuels area being a case in point.
In Europe we are often great at patting ourselves on the back in terms of decarbonisation efforts, but the reality is that the rest of the world is waking up to the potential of clean energy sources at a time when our investment is falling due to policy uncertainty. Europe’s share of global investment in renewable energy has reduced from 50% in 2005 to 20% in 2014. European investment in renewable energy dropped by around 20% between 2014 and 2015 for the good reason that the rest of the world sees the benefits of renewable energy. Costs are coming down, but there is a great opportunity for us here and we must grasp it. It is not just about saving the planet: it is about economic benefits and job creation. We must support it with legislation."@en1
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