Renewable Energy Directive (RED III)

The Renewable Energy Directive (RED III) is the third version of the European framework for promoting renewable energy. It was adopted as Directive (EU) 2023/2413 and amends Directive (EU) 2018/2001. Its purpose is to speed up the deployment of renewables across the European Union as part of the decarbonisation of the energy system.

The 2030 target

RED III raises the EU's binding target to at least 42.5 % of renewable energy in gross final energy consumption in 2030, with an aspiration to reach 45 %. It is a joint target for the whole Union, which each Member State reflects in its energy planning, such as the PNIEC in the case of Spain.

What the directive includes

• Faster permitting: it reinforces the measures to speed up the granting of permits for renewable energy projects.
• Sectoral sub-targets: it sets specific targets for industry, transport, buildings, and heating and cooling.
• An update of the existing framework: because it amends Directive (EU) 2018/2001, both texts should be read together.

Links with companies and their emissions

Companies can back up their renewable consumption with instruments such as Guarantees of Origin, which certify that a given amount of electricity was generated from renewable sources, or Renewable Energy Certificates (RECs) in other markets. This consumption is reflected in the calculation of Scope 2 emissions, where the GHG Protocol methodology provides for a location-based and a market-based method for purchased electricity. Keeping invoices and certificates well organised helps to support that data in front of an auditor. The same information is useful for sustainability reporting and for energy purchasing decisions.

At Manglai we automate the collection and traceability of ESG data, such as carbon footprint, waste management and product footprint data, and our AI reads supplier invoices and documents in PDF. That helps you keep your data organised, aligned with the GHG Protocol methodology and ready for audit. Discover how Manglai can help you.