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| Wake up call for policymakers as China overtakes EU on wind installations ![]() He added: "China's ambition on wind now far exceeds Europe's. Other emerging economies have also made big long term commitments. But today only 6 out of 28 EU Member States have clear commitments and policies for renewables beyond 2020. This has major industrial policy implications. Today Europe's wind industry has a 40% share of the global wind market and the best technology. But to stay cost-competitive we need a strong domestic market. Otherwise it'll be China and others that capture the rapidly growing global market - and eventually outperform us in Europe. And this would hurt us economically. The wind industry supports over a quarter of a million jobs in Europe today, generates €67bn annual turnover and is the lion's share of Europe's €35bn renewables exports. We can't take this for granted." In October 2014, the European Council set a target for the EU to meet at least 27% of its energy needs from renewable energy by 2030. Last year, the Commission launched a consultation on the revision of the Renewable Energy Directive which will define how Europe will meet its collectively binding 2030 target. The Commission is expected to adopt a proposal at the end of 2016. write your comments about the article :: © 2016 Construction News :: home page |