The European Court of Auditors has published a report which reveals that the EU funding for renewable energy systems has to be invested more consciously to enhance its contribution to policy goals.
The auditors examined whether funds in the period between 2007 and 2013 had been allocated to energy generation projects which could effectively help to come closer to the EU 2020 target for energy from renewable sources. Most of the audited projects were sufficiently mature and ready for implementation when selected. Despite this, the production results to contribute significantly to the goal set by the EU weren’t achieved or not properly measured.
In the years between 2007 and 2013 approximately € 4.7 billion was allocated for renewable energy by the EU Cohesion policy funds. For the years to come there has to be made improvements in the management of the expenditure programmes to reach the target defined by the EU for 2020.
For more information, follow this link: www.eca.europa.eu.