EREC president, Professor Arthouros Zervos feedback, “We support the EC’s proposed actions relevant to renewable energy, such as grid infrastructure, energy markets and smart cities. But instead of an undefined low-carbon rhetoric the EU needs a stable framework for renewable energy leading up to 2030 and a clear vision for achieving 100% renewable energy by 2050. The successful development of renewable energy in the current energy system relies on the ability of EU member states to design stable, adequate support mechanisms to compensate for market distortions in order to reach their binding 2020 targets.”
EREC is the umbrella organisation of the European renewable energy trade, business and analysis associations energetic in the sectors of photovoltaics, small hydropower, sun thermal, bioenergy, geothermal, ocean, concentrated solar energy and wind energy, The European renewable energy sector has an annual turnover of EUR 70 billion and employs 550.000 other folks. Professor Zervos explains the world significance of European firms, ” European companies are world leaders in renewable energy, generating hundreds of thousands of new jobs, and EU energy policies need to ensure the continued growth of this important sector in order for us to maintain our leadership.”
The Global Climate Network (GCN), an alliance of assume tanks, says that spending on blank energy initiatives in growing international locations must double, which is able to handiest occur if richer international locations give monetary assist to inspire non-public firms to speculate.
Their new find out about, ‘Investing in Clean Energy’, examines intimately the prices of huge will increase in blank energy initiatives in 4 growing international locations. It argues that funding in blank energy should develop from $34 billion in 2009 to a median of $63.6 billion a 12 months between 2010 and 2020 if current ambitions to fulfill local weather alternate and energy provide goals are to be met. The file says that funding in blank energy, in particular wind and sun, is important if growing international locations are to deal with financial enlargement and convey energy to deficient communities.