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EU agrees to raise renewable energy target to 32% by 2030

Negotiators from the European Commission, the European Parliament and the Council of the European Union on June 14 reached an agreement to raise the bloc's renewable energy target to 32% by 2030.

The measure is part of efforts to meet the EU's overall goal of reducing greenhouse emissions by at least 40% by 2030 as outlined in the bloc's clean-energy package in November 2016.

The renewable energy target is higher than the initial proposal of 27%, but fell short of what some governments and the European Parliament had sought, Reuters reported. The agreement includes a review clause by 2023 for an upward revision of the target.

The agreement requires formal approval by the European Parliament and the Council in the coming months. EU member states will have to transpose the agreement into national law 18 months after it enters into force.