Europe urged to replicate UK energy policy

22 Nov 2010
Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter
Europe urged to replicate UK energy policy

European energy policy should take note of the UK's coalition government's plans to create a Green Investment Bank.

This is the conclusion of a new report by environmental thinktank E3G, which stated that a change in European energy policy is needed, as well as a revision of carbon emissions reduction targets reports Business Green.

"We believe the most economically-sensible shift to 30 per cent would prioritise investment in domestic European energy efficiency and in the infrastructure and innovation needed to sustain reductions beyond 2020," commented the report.

It added that this would ensure European energy policy remains one of the leading plans in the world.

E3G explained that investment in European energy infrastructure will be profitable as oil prices continue to rise and the group argued that the time is right to put money into the scheme.

Christian Kjaer, European Wind Energy Association chief executive officer, recently called for the introduction of a new European energy grid, as otherwise there will be more renewable energy being generated than can be stored.  

Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter