Investment in renewable energy assets in the EU dropped by 18% in 2015 reaching its lowest level
since 20061. Retroactive changes in key European markets and the lack of pipeline visibility for
the post-2020 period are tarnishing the EU’s reputation as a safe investment hub whilst emerging
economies position themselves as attractive alternatives.
The historic Paris climate treaty, signed by 195 governments in December 2015, gave investors a
clear signal that high-carbon assets are not viable in the long run and that the transition towards
renewable-based economy should be accelerated.
The EU has played a key role in brokering the Paris deal. Yet it needs to translate its climate
leadership into domestic policy. To meet COP21 ambition, EU Member States will need to increase
their 2030 collective climate pledge and step up renewable energy deployment efforts.
The European Commission should therefore propose an ambitious post-2020 renewable energy
package that fosters a vibrant home market with clear growth perspectives and asserts the EU’s
leadership in renewables in the face of rising international competition.