Adopting renewable energy has become cheaper, says EC

27 May 2010
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solar pannel Adopting renewable energy systems across Europe has become much cheaper, the European Commission has said.

According to the international body, the cost of meeting the existing targets for reducing carbon emissions has dropped as a result of the global financial crisis.

However, the European Commission has confirmed that an increase in Europe's carbon reduction targets will not be imminent.

Climate commissioner Connie Hedegaard said this is because dealing with the financial crisis across the continent is a more immediate political priority.

"The decision is not for now," she commented.

"But I hope our analysis will inspire debate in the member states on the way forward."

She added that raising the carbon reduction target for 2020 from 20 per cent to 30 per cent must be a decision for EU leaders to take when the "timing and conditions are right".

This comes after Ms Hedegaard warned that Europe risks being left behind by markets such as China, as this country is investing far more in tackling climate change and switching to a low-carbon economy.
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