One thousand billion euros invested in energy in the EU
The European Commission suggests to the EU member states that they should make investments of 1,000 billion euros in energy within the next 10 years in order to reduce reliance on energy imports.
Articol de Sorin Solomon, 11 Noiembrie 2010, 12:23
According to a press release, the European Commission suggested to the EU member states that they should invest 1,000 billion euros by 2020 in order to prepare for facing a potential burst in the fossil fuel price and to reduce reliance on energy imports as well.
The EU heads of states and governments will talk over this offer during the Energy Summit that will be organized in February 2011, European Commissioner for Energy Günther Oettinger announced.
The debate is expected to be fierce as the economic crisis has frozen the investments for rendering energy efficient and also for renewable sources of energy, he added.
Investments are made at a slow pace because action plans are not compulsory, and, therefore, are established by each country, according to the European official.
The European Commission wants to make these plans compulsory.
The European Union committed itself to fight against global warming among other things, to cut 20% of the carbon dioxide and other greenhouse gases emissions by 2020 in comparison to the levels registered in 1990 and to ensure that 20% of the total energy consumption is renewable energy.
Translated by: Roxana – Maria Budulan (Chesnoiu) and Raluca Mizdrea
MA Students, MTTLC, Bucharest.
