Mandatory renewable energy target
Open-knowledge reference entry

Mandatory renewable energy targets are part of government-legislated schemes which require electricity vendors to source specific amounts of aggregate electricity sales from renewable energy sources according to a fixed time frame. The objective of these schemes is to promote renewable energy and decrease dependency on fossil fuels. If this results in an additional expenditure of electricity, the additional cost is distributed across customers by increases in other tariffs. The cost of this measure is therefore not funded by the government budgets, except for costs of establishing and monitoring the scheme and any audit and enforcement actions. As the cost of renewable energy has become lower than that of other sources, meeting and exceeding a renewable energy target will also reduce the expenditure of electricity to consumers.
Country Participation
At least 67 countries have renewable energy policy targets of some kind. In Europe, 28 European Union members states and 8 Energy Community Contracting Parties have legally binding renewable energy targets. The European-Union target is 42.5% by 2030 . The United States does not have a federally-mandated target, but several states do . Canada has set goals for 2035 and 2050 .
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This entry incorporates text from “Mandatory renewable energy target” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.