Renewables

Austria aims to cover all electricity consumption from renewables by 2030

austria-renewables--bill-electricity

Photo: Pixabay/WFranz

Published

July 9, 2021

Country

Comments

0

Share

Published:

July 9, 2021

Country:

Comments:

0

Share

A bill envisaging additional funding for renewable energy, aimed at ensuring that all electricity consumption in Austria is covered from renewables by 2030 and making the country climate neutral by 2040, has passed the lower house of the parliament.

The Renewable Expansion Law and accompanying legal provisions envisage EUR 1 billion a year in government funding for the green energy transition in Austria, with an additional EUR 30 billion in investment expected from the private sector, according to reports.

The bill envisages EUR 1 billion a year in government funding for the energy transition

A further EUR 500 million in government funds is to be invested in hydrogen and green gas with the aim of speeding up the decarbonization of industry.

In addition, the legal basis for local energy communities of private households and small businesses has been created, according to the Austrian parliament’s website.

The new funding has yet to be approved by the parliament’s upper house

The new funding regime for green electricity has yet to be approved by the parliament’s upper house, and, in some cases, by the European Commission.

NGOs and industry have welcomed the bill

The bill was welcomed by Austrian NGOs as the beginning of the phaseout of fossil fuels and an important step towards climate neutrality in 2040, as well as by the chamber of commerce, which called it a “huge investment and innovation plan,” according to EurActiv.

The government plans to spend EUR 17 million on training people for green jobs

The Austrian government also plans to invest EUR 17 million, starting in 2022, to train unemployed people for about 1,000 green jobs in an effort to tackle the shortage of skilled workers in this field.

Environment Minister Leonore Gewessler has said that fitters for photovoltaic systems are urgently needed, according to a report by the Wiener Zeitung.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Serbia opens door for batteries as solution for intermittency of renewables rajakovic nikola

Serbia opens door for batteries as solution for intermittency of renewables

04 February 2023 - We spoke with Professor Nikola Rajaković about proposed changes to the Law on the Use of Renewable Energy Sources

Serbia gets its first commercial PPA financing secured for Krivaca wind farm

Serbia gets its first commercial PPA – financing secured for Krivača wind farm

03 February 2023 - MK Group and ALFI Green Energy Fund have secured EUR 155 million for the project from a consortium of lenders led by Erste Group

Bulgarian IBEX exchange market guarantees of origin

Bulgarian IBEX exchange to set up market for guarantees of origin

03 February 2023 - Independent Bulgarian Energy Exchange – IBEX said it would organize a market for guarantees of origin of electricity

windeurope wind turbenes orders drop 2022

Wind turbine orders in EU drop by almost half in 2022

03 February 2023 - It is the continuation of the downward trend as orders have been declining since the first quarter of 2021