As per Reuters, negotiators agreed, for now, that by 2030, all 27 EU states must have an energy share of at least 42.5% renewables, with a potential minimum limit of 45%. Currently, the target sits at 32% energy obtained from green power sources.

In 2021, Sweden lead EU countries with regards to renewable energy share, sourcing 63% of its requirements from zero-carbon sources, while in Malta, Luxembourg and Ireland, renewables represented less than 13%.

EU countries will also have to rise the share of renewable power used in transport to 29%, with 42% of the hydrogen coming from renewables by 2030 and 60% by 2035.

Solar and wind power are going to be crucial in EU's mission to become energy independent and to have a fully decarbonized energy system. At the same time, officials from the European Commission said that investments worth 113 billion euros will be needed by the next decade for new renewable energy projects and hydrogen infrastructure.

Before it comes into force, the proposal must be approved by the EU Parliament and the 27 EU states.