The Commission launches an Industrial Partnership
The European Commission announced a production target of 35 billion cubic meters of biomethane by 2030.
| Sectors | Gas, Biomethane |
|---|---|
| Themes | Investments & Transactions, Commercial Partnerships |
The European Commission announced a production target of 35 billion cubic meters of biomethane by 2030.
Launch of a partnership
The commission launches an industrial partnership for biomethane to reduce Europe’s dependence on Russian gas. This public-private partnership aims to achieve a net zero emissions system. It is part of the REpowerEU plan.
The commission opens this partnership to all those who wish to work towards this goal, including companies, associations… The inauguration of this industrial partnership took place during the European Sustainable Energy Week in Brussels. On this occasion, the commission symbolically inaugurated a renewable gas infrastructure.
An important investment
The members of the Commission state:
“Europe has great potential for the production of biomethane, a green alternative to natural gas.”
The sector is ready to reach the target of 35 billion cubic meters, but this requires €70 to €80 billion of investments. The technical launch of the industrial partnership will take place on October 25.
The commission, in the framework of its REpowerEU plan, proposes to accelerate the development of renewable energies. Biomethane and the industrial partnership must allow us to decarbonize our energy system. It is one of the main renewable gases.
