Thursday, May 26, 2011

EU urged to target 45% renewables by 2030

The European Renewable Energy Council (EREC) has called for the EU to set a legally binding renewable energy target of 45% by 2030, saying it is necessary to fight climate change and give investors long-term predictability.

Speaking at a conference in Brussels, Arthouros Zervos, president of EREC, said EU energy policy needs to be “geared up” if the bloc is to meet its commitment to reduce greenhouse gas emissions by 80-95% by 2050 compared to 1990 levels. He said the EU also needs such a target “to keep its pole position in terms of competitiveness … as this would make up a clear signal for investors and unlock crucial private investments”.

Source: Environmental Finance

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