In September 2022, Belgium and the other seven countries of the North Seas Energy Cooperation (NSEC) including Denmark, Germany and the Netherlands jointly announced that they had set an OSW capacity target of at least 76 GW by 2030, 193 GW by 2040 and 260 GW by 2050. As part of the joint statement, Belgium has agreed to a non-binding target of 6 GW of OSW capacity by 2030 and 8 GW by 2040.
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Germany, Belgium, the Netherlands, and Denmark inked an agreement in Esbjerg to produce 65 GW of offshore wind energy and 150 GW of green hydrogen by 2030 and 2050, respectively. Declaring their intention to become Europe’s Green Power Plant, the joint accord intends to tenfold the region’s offshore wind power capacity, with total private sector investments expected to reach €135 billion.
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Belgium has made notable progress on deploying offshore wind and increasing the share of electric vehicles. However, fossil fuels still dominate the country’s energy mix, a dependence that is expected to increase. All sectors have considerable work ahead of them to meet Belgium’s targets for increasing the share of renewables, lowering energy demand and reducing emissions.
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The Belgian Hydrogen Vision and Strategy (the “Belgian Strategy”) was approved by the Council of Ministers on 29 October 2021 in the broader context of government-focused ambitions to promote the development of a hydrogen market in Belgium, as well as its 2030/2050 energy and climate objectives. The Belgian Strategy assumes that the current demand in Belgium for both hydrogen and its derivatives will reach between 125 and 175 TWh/year by 2050.
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Road freight transportation accounts for around 8% of global CO2 emissions per year — 2.9 Gt CO2. Countries are increasing their efforts to decarbonise this sector. Among the options being considered, fleets of electric trucks are attracting more attention due to the availability of clean and low-cost renewable electricity.
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