UK could use statistical transfer to meet EU renewables target - report
Wind farm in UK. Author: JAK SIE MASZ. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.
The UK could use the so-called statistical transfer to make up for not meeting its 2020 EU renewables target, Reuters reported on Thursday.
If the UK was to make use of that mechanism, it would pay EU members that exceed their targets to cover its own shortfall.
The news agency said that the country was thinking of resorting to the EU loophole to avoid the impact of its green subsidy cuts and the payment of fines for missing the binding 2020 target. A spokeswoman for the Department of Energy and Climate Change (DECC) was cited as saying that the department needed to stay open to all possible options for meeting the target, including statistical transfer.
The UK has a target of getting 15% of its energy from renewables by 2020. Reuters cited an analysis from PWC, according to which over 50% of the country's electricity should come from renewables by 2020, compared to around 20% in 2014, for the target to be met.