The Large-scale Renewable Energy Target (LRET) incentivises investment in renewable energy power stations, such as wind and solar farms, or hydro-electric power stations, by legislating demand for large-scale generation certificates (LGCs). Renewable energy has the potential to meet demand with a much smaller environmental footprint and can help to alleviate other pressing problems, such as energy security, by contributing to a distributed and diversified energy infrastructure. National renewable energy action plans 2020. Science-based targets and renewable energy investments: Credit Suisse and Nest unveil first steps towards net-zero 16 December 2020, source edie newsroom Swiss investment bank Credit Suisse has unveiled a string of new climate measures, in the same week that the UK's largest pension scheme, Nest, outlined steps to help it meet its net-zero goal. One key attribute is whether a target is based on "renewable" or "clean" energy resources. List item. Iowa was the first state to establish an RPS and since then, more than half of states have established renewable energy targets. One LGC can be created for each megawatt hour of eligible renewable electricity produced. The Renewable Energy Directive sets rules for the EU to achieve its 20% renewables target by 2020. EU countries' plans for meeting their 2020 renewable energy obligations. Renewable energy targets can undermine sustainable intentions Date: October 28, 2020 Source: University of Queensland Summary: Renewable energy targets (RETs) may be too blunt a … "Renewable energy targets provide a tangible, specific, quantitative and enforceable mechanism to move forward on renewables," Komor said. The Prime Minister mentioned India's achievement of meeting the goal of 175 gigawatts of renewable energy before the target of 2022, and promised "a big step ahead by … The set target would be 2.7 times higher than the approximately 45GW currently installed capacity. List item. The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other. Progress reports. European energy company Enel has announced that it is planning to increase its renewable energy capacity to 120GW by 2030, as part of its 2021-2030 strategic vision. LONDON/BEIJING: China's President Xi Jinping on Saturday targeted a steeper cut in rates of carbon emissions relative to economic activity by 2030 and set new goals for growth in renewable energy and forest stock, as the country looks to reach the peak of its emissions before the end of the decade. Queensland is expected to supply 20% of its electricity consumption with renewable energy sources by the end of 2020, making significant progress to reaching its 50% renewable energy target by 2030. If you have an experience or insight to share or have learned something from a … Roughly half of the growth in U.S. renewable energy generation since the beginning of the 2000's can be attributed to state renewable energy requirements.