Austria needs more investments for its energy transition

Wind Industry Profile of

The Austrian government has been actively encouraging the use of renewable sources for energy generation to help reduce the country’s dependence on fossil fuels, notes GlobalData, a leading data and analytics company. Austria’s recently submitted National Energy and Climate Plan (NECP) 2021-2030 focuses on the decarbonization and energy efficiency dimensions and related policies.

Attaurrahman Ojindaram Saibasan, Senior Power Analyst at GlobalData, comments: “The country’s target for greenhouse gas (GHG) emission reduction is set at 36% compared to 2005 levels. Austria’s NECP indicates that the country plans to rely on a 100% renewable electricity system by 2030. However, at the moment, electricity generation from renewables (including hydropower) only accounts... ... More: Official Press Release GlobalData

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Austria, GlobalData, renewable energy, electrcity, goal, investment, NECP, report, Europe