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  • bluecheese4u bluecheese4u Jun 25, 2013 9:01 AM Flag

    Will Europe Heed To Calls For 100% Renewable Energy Target For 2050?

    Will Europe Heed To Calls For 100% Renewable Energy Target For 2050?

    June 25, 2013 Mridul Chadha

    European legislators have been urged to set a 100% renewable energy target for 2050 by the Global Alliance for 100% Renewable Energy. The Alliance, launched in Europe recently, criticised the EU legislators for not setting aggressive long-term renewable energy targets.

    Alliance members, which include World Future Council, the Fraunhofer Institute for Solar Energy Systems ISE, and the World Wind Energy Association, noted that the EU legislators lack the political will to set aggressive, yet achievable and highly beneficial long-term renewable energy targets.

    The continent currently has set a renewable energy target of 20% by 2020 and is contemplating a medium-term target of 30-35% by 2030. A number of member states have set renewable energy targets of more than 20%. Scandinavian and Baltic member states have among the highest renewable energy targets. Norway, Sweden, and Latvia have set targets of 67.5%, 49%, and 40% respectively.

    Need For Long-term Renewable Energy Target

    EU legislators are believed to been having discussions to set renewable energy targets for 2030 as one of the ways to continue the low-carbon development which seems to have been stalled due to the poor state of the continent’s carbon market. European carbon prices have fallen to record lows as emissions across member states have fallen due to the economic slowdown. Industrial units are sitting with surplus emissions rights of about two billion tonnes of carbon dioxide emissions.

    The EU legislators have thus been urged to take initiatives to make investment in low-carbon development attractive. In addition to renewable energy targets, the Members of European Parliament are also considering a regulatory fix for the European Emissions Trading Scheme (EU ETS). Recently, the Committee for Environment, Public Health and Food Safety approved a measure to delay the auction of permits equivalent to 900

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