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The European Commission congratulates Lithuania and Luxembourg for the first ever cooperation agreement on the statistical transfer of renewable energy amounts as stipulated in the Renewable Energy Directive. The agreement signed today (26 October 2017) helps Luxembourg achieve its national renewable energy target for 2020 by receiving a statistical transfer of a specified amount of renewable energy produced in Lithuania. Lithuania reached its national renewable energy target for 2020 in 2015 and aims to further develop renewable energy in its economy.

This agreement shows that these cooperation mechanisms give EU Member States greater flexibility to reach their renewable energy targets, providing them with a useful tool to jointly develop renewable energy potential in a mutually advantageous way.  In this way, countries with more cost-effective and abundant potential in renewable energy can help other countries reach their national targets, as well as help the EU as a whole achieve the 20% renewable energy target in 2020.

 

Learn more / En savoir plus / Mehr erfahren:

 

http://www.scoop.it/t/luxembourg-europe/?&tag=ENERGY

 

Via Gust MEES