Solar and renewables can power green EU economic recovery

SolarPower Europe, together with 31 associations from the renewable and energy efficiency sectors, delivered a joint proposal on how the European Commission can build on European Green Deal priorities to develop the economic stimulus package.

The proposal indicates that investments should be channeled into cost-competitive energy efficiency and renewable energy technologies, which have significant job-creation potential in the aftermath of the COVID-19 outbreak. This is in line with the European Council’s pledge to provide recovery measures to put the EU back on track for sustainable growth, integrating both the green transition and digital transformation. Fast-tracking investments for zero-carbon buildings, as well as clean mobility and industrial processes, should be a key priority in order to strengthen the European clean energy industry and deliver the energy transition for all Europeans.

Walburga Hemetsberger, CEO of SolarPower Europe, said: “Renewable energy industries and electrical installers represent more than 1.5 million jobs in Europe today. Ambitious policies for the deployment of renewables across EU sectors and businesses can be a key driver of the EU economic recovery, while working towards a climate-neutral economy before 2050. As the lowest cost and most easily deployed clean energy technology, solar provides affordable and reliable energy supply to businesses and citizens across Europe. A recent Joint Research Centre (JRC) study shows that two-thirds of Europe’s rooftop solar potential could provide electricity at lower rates than current residential tariffs, offering the opportunity to tackle energy poverty and boost local jobs in the installation, maintenance, and construction sectors at a crucial time for Europe.”

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