In many respects, the renewable energy markets seem to thrive. For example, last year, 61% of total electricity capacity was renewable technologies, up sharply from 23% a decade ago and well above the 70 GW of net fossil fuel production capacity in the 2017. Expectations for the future suggest that fossil fuels will be in bad water for some time. Indeed, Bloomberg analysts predict that in the not too distant future, wind and solar energy will account for about 48% of installed capacity and will amount to 34% of total electricity production, a huge leap forward compared to the current situation.



Yet, since the beginning of 2016, the amount of money invested in renewable energy globally has decreased, a figure that seems to go against the trend if we consider the solid growth of the sector and plans for the future. What, then, are the causes of this decline in investment? Strangely enough, this is due to an element behind the boom: a dramatic drop in costs. After the financial crisis, many, including us, were amazed at the pace at which wind and solar energy became competitive in terms of costs. On 27/6/2018 the EU Ambassadors "sealed" the interim agreement reached by the EU Council with the Parliament on the proposal for a directive on renewable energy, no incentives for energy from waste incineration.

The approval paves the way for the final and formal approval of the provision (Parliament will vote in October 2018, immediately after the formal vote of the Council) that will replace the "historic" directive 2009/28 / CE on the promotion of energy from renewable sources. The mandatory target of 32% of energy from renewable sources to 2030 is confirmed. Renewable energy support schemes that are to be granted open, transparent, competitive, non-discriminatory and cost-effective are redesigned. On 27/6/2018 the EU Ambassadors "sealed" the interim agreement reached by the EU Council with the Parliament on the proposal for a directive on renewable energy, no incentives for energy from waste incineration.

The approval paves the way for the final and formal approval of the provision (Parliament will vote in October 2018, immediately after the formal vote of the Council) that will replace the "historic" directive 2009/28 / CE on the promotion of energy from renewable sources. The mandatory target of 32% of energy from renewable sources to 2030 is confirmed. Renewable energy support schemes that are to be granted open, transparent, competitive, non-discriminatory and cost-effective are redesigned.
 
Renewable energy support schemes should be designed with due regard to the waste hierarchy, as set out in Article 4 of Directive 2008/98 / EC (as recently amended by Directive 2018/851 / EU) to avoid undue distortions commodity markets. Member States will not have to give any support to the renewable energy produced by the incineration of waste, if the separate collection obligations set out in Directive 2008/98 / EC have not been met (with the new upward targets following the latest changes).
 
Renewable energy support schemes should be designed with due regard to the waste hierarchy, as set out in Article 4 of Directive 2008/98 / EC (as recently amended by Directive 2018/851 / EU) to avoid undue distortions commodity markets.

Member States will not have to give any support to the renewable energy produced by the incineration of waste, if the separate collection obligations set out in Directive 2008/98 / EC have not been met (with the new upward targets following the latest changes).