European Parliament supports RED III, bolstering EU's renewable energy goals
This article originally appeared on feednavigator.com
The European Parliament has overwhelmingly approved RED III, an updated Renewable Energy Directive, with 470 votes in favor and 120 against. RED III aims to increase the share of renewable energy in the EU's final energy consumption to 42.5% by 2030 (with a 45% target for member states) and streamline approval processes for renewable energy projects. Notably, biomass from wood remains classified as renewable, and a 'Positive silence' principle will expedite approvals when no administrative feedback is given. Additionally, FEDIOL, representing the EU's vegetable oil and protein industry, supports RED III's ambitions, emphasizing the role of crop-based biofuels in reducing GHG intensity in the transport sector and contributing to the EU's emissions reduction goal of at least 55% by 2030 while supporting farmers' incomes.