Wednesday, December 26, 2007

EU plans to boost green energy take shape


New EU legislation aimed at having green energy account for 20 percent of the union's overall energy consumption by 2020 is taking concrete shape, with draft proposals indicating that each EU state should contribute at least 5.75 percent to an overall target. Rich member states will carry a heavier burden, however.

EU energy commissioner Andris Piebalgs is expected to unveil the legislative piece on 12 January, with some governments scheduled to lobby for the best possible deal even as early as the beginning of next month.

The directive lays out in detail how exactly to get from the current 8.5 percent to a 20 percent share of renewables in EU energy consumption by the end of next decade - something that 27 EU leaders agreed to do at their summit in March.

According to the proposal, seen by EUobserver, member states will be asked to gradually reach the final EU-wide target.

See full Article.