The European Geothermal Energy Council (EGEC) have reacted to the European Parliament plenary vote on the first half of the Clean Energy Package.
The European Parliament proved determined and consistent with the objectives of the Paris agreement while voting on the Renewable Energy Directive, the Energy Efficiency Directive and the Governance Regulation this Wednesday (17 January).
The vote sets high-reaching renewable energy and energy efficiency targets to 2030, accompanied by a governance framework to guarantee they are achieved, enabling the EU to stay in line with its climate and energy objectives and supporting the deployment of geothermal energy.
Phillippe Dumas, EGEC Secretary General said: “Trialogue must now align to the highest bidder, the parliament, if the EU is ever to be world leader on renewables.”
The text adopted by the parliament suggests a strong framework that provides the necessary investment certainty and security for investors in renewable energy projects. This being a key provision that will allow a robust, innovative and competitive European geothermal industry.
The provision may eventually lead to the development of an industrial strategy in which the versatile geothermal sector contributes to the energy transition. However, Dumas adds: “These positive messages to investors, consistent across commission, council and parliament, must now be acted upon. The upcoming review of the State Aid Guidelines on energy and environment and those on innovation must be aligned with the texts of the Clean Energy Package.”
The parliament also built on the commission’s proposal for the decarbonisation of the heating and cooling sector, setting objectives for the mainstreaming of renewable technologies. The text however, fails to set a binding measure.
While the European Council and the parliament differ on ambition levels, they both recognise geothermal energy’s essential role in the energy transition. Provisions supporting geothermal technologies as a solution for decarbonisation are in line with the needs of the sector.
European regulations must also endorse the role of renewable sources in stabilising and decarbonising the electricity system.
In April, SciTech Europa will be attending the Iceland Geothermal Conference which is designed to bring to light the barriers that hinder development of the geothermal sector and how to overcome them.