Europe 'is the pace-setter in renewable energy'

05 Oct 2010
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Europe 'is the pace-setter in renewable energy'

European energy decisions and developments help to make the continent a "pace-setter" for clean fuel across the world, according to one opinion.

Writing for Business Spectator, Giles Parkinson stated that many of the most ambitious renewable energy projects have taken place in Europe.

He noted that it is more than five years since the continent put in place its emissions trading scheme, while European countries have invested heavily into the field of renewable energy.

But Mr Parkinson argued that a survey conducted on behalf of the Institutional Investors Group on Climate Change shows that not enough is being done across Europe to encourage private firms to make investments in the industry.

"Unless the mix of policies on energy efficiency, renewable energy, grids and fossil fuel subsidies are crafted with a long term vision, then private capital will not come to the party," he said.

At the Husum WindEnergy fair last month, the Global Wind Energy Council predicted that by the end of 2010, 200GW of wind power will be produced around the world. 

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