Renewable energy - overview
Iceland, Liechtenstein and Norway support renewable energy programmes in Bulgaria, Greece, Hungary, Latvia, Poland, Portugal and Romania. The objective of these programmes is to increase the share of renewable energy in energy use.
Iceland, Liechtenstein and Norway are committed partners with the EU in efforts to combat climate change. The EU’s sustainable growth strategy sets out targets to reduce greenhouse gas emissions by 20% compared to 1990 levels, increase the share of renewables in energy consumption to 20% and increase energy efficiency by 20% by 2020.
By offering alternatives to fossil fuels, renewables contribute to reducing emissions and help to improve security of energy supply. In addition, at a time of economic uncertainty, the renewable energy technology industry is one which keeps on growing, providing jobs and developing new technologies.
However, the beneficiary countries presently only use a small fraction of their renewables potential. Programmes in this area contribute to boost production and use of renewable energy. For example, significant funding is being used to develop geothermal potential in Romania, the Portuguese Azores and Hungary. The Icelandic National Energy Authority is involved, sharing its recognised expertise in geothermal energy extraction.
- Increased share of renewable energy in energy use
- A less carbon-dependent economy
- Increased renewable energy production
- Increased use of renewable energy in the transport sector
- Increased feed-in of renewable energy to existing energy infrastructures
- Strategies developed to improve the use of green investment schemes
- Improved capacity at national, regional and local level on renewable energy solutions
- Increased awareness of and education in renewable energy solutions
Priorities, funded activities and eligibility criteria vary by programme.