EU Considers Toughening Renewable Energy Targets

The European Union may make its renewable energy capacity buildup targets even more ambitious than they already are in light of its search for alternatives to Russian fossil fuels. "What we will do in the next couple of weeks is work towards what I call the Repower EU initiative, and as part of that we want to accelerate the energy transition. So in that context we might revisit our targets," Frans Timmermans, the head of the EU's energy transition plan, told media, as quoted by Reuters this weekend. This revision would mean higher renewable…