Progressive energy firms launch new climate alliance

A Coalition of leading European energy companies (SSE, Eneco, DONG Energy, Public Power Corporation, ACCIONA, Sorgenia, EWE, EDP Renewables) called in February 2012 for binding 2030 targets for renewables, CO2 emissions reduction, and energy efficiency in a response to the European Commission’s Energy Roadmap 2050.

The lack of binding targets post 2020, an ETS failing to stimulate investment in renewables, and an outdated energy infrastructure severely threaten to wreck the needed modernisation and decarbonisation of the European energy sector and do not allow industry to create a sustainable and affordable pathway to reach the EU’s decarbonisation objective.

European Commission: DG Climate Action: Policies: Roadmap 2050 http://ec.europa.eu/clima/policies/roadmap/index_en.htm

ESO: Background information: 2050 roadmap to re-boot stalled energy efficiency talks http://www.europeansources.info/record/2050-roadmap-to-re-boot-stalled-energy-efficiency-talks/

---