Bulgaria Has Achieved its 2020 Renewable Energy Target

Business » ENERGY | March 10, 2014, Monday // 18:03| Views: 3095 | Comments: 0
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Bulgaria: Bulgaria Has Achieved its 2020 Renewable Energy Target Photo by EPA/BGNES

Bulgaria, Estonia and Sweden have achieved their 2020 renewable energy targets, according to Eurostat.

The share of renewables in gross final energy consumption is one of the headline indicators of the Europe 2020 strategy. The target to be reached by 2020 for the EU28 is a share of 20% renewable energy use in gross final energy consumption. The national targets take into account the Member States' different starting points, renewable energy potential and economic performance.

In 2012, Bulgaria's share of renewables in gross final energy consumption stood at 16.3%, against a target of 16% for 2020.

In 2004, Bulgaria's share of renewables in gross final energy consumption amounted to 9.6%, increasing to 14.4% in 2010 and to 14.6% in 2011.

In 2012, energy from renewable sources was estimated to have contributed 14.1% of gross final energy consumption in the EU28, compared with 8.3% in 2004, the first year for which this data is available.

Largest increases in share of renewables between 2004 and 2012 in Sweden, Denmark and Austria. Since 2004, the share of renewable sources in gross final consumption of energy grew in all Member States.

The largest increases during this period were recorded in Sweden (from 38.7% in 2004 to 51.0% in 2012), Denmark (from 14.5% to 26.0%), Austria (from 22.7% to 32.1%), Greece (from 7.2% to 15.1%) and Italy (from 5.7% to 13.5%).

The highest shares of renewable energy in final energy consumption in 2012 were found in Sweden (51.0% of energy from renewable sources in gross final consumption of energy), Latvia (35.8%), Finland (34.3%) and Austria (32.1%), and the lowest in Malta (1.4%), Luxembourg (3.1%), the United Kingdom (4.2%) and the Netherlands (4.5%).

In 2011, Estonia was the first Member State to reach its 2020 target and in 2012 Bulgaria, Estonia and Sweden already achieved their 2020 targets (16%, 25% and 49% respectively).

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Tags: renewable energy sources, renewable energy, Europe 2020 strategy, eurostat
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