We investigate the effect of correlated disorder on the localization transition undergone by a renewal sequence with loop exponent > 0, when the correlated sequence is given by another independent renewal set with loop exponent > 0. Using the renewal structure of the disorder sequence, we compute the annealed critical point and exponent. Then, using a smoothing inequality for the quenched free energy and second moment estimates for the quenched partition function, combined with decoupling inequalities, we prove that in the case > 2 (summable correlations), disorder is irrelevant if < 1/2 and relevant if > 1/2, which extends the Harris criterion for independent disorder. The case (1, 2) (non-summable correlations) remains largely open, but we are able to prove that disorder is relevant for > 1/ , a condition that is expected to be non-optimal. Predictions on the criterion for disorder relevance in this case are discussed. Finally, the case (0, 1) is somewhat special but treated for completeness: in this case, disorder has no effect on the quenched free energy, but the annealed model exhibits a phase transition.

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