Analysis of the European renewable energy market in the context of the decarbonisation trend

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Analysis reports development of renewable energy sector in EU, highlighting its role in decarbonisation and energy independence.

The share of renewable energy sources in EU electricity generation increased from 10.18% to 23.06% from 2005 to 2022.
Statistical analysis shows a historic high of 24.1% share of renewable energy in 2023, indicating energy independence gains.
Implementation of legal frameworks like the Fit for 55 package has been a significant driver of renewable energy growth in Europe.
The renewable energy market in Ukraine shows positive trends and major challenges while integrating into European energy systems.

Kuznietsova et al. (2025) studied this question.

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