EU plans ‘post-industrial revolution’ – binding energy targets

The European Commission has urged its members to sign up to an unprecedented common energy policy, unveiling a plan to diversify the bloc’s energy sources.

Commission chief Jose Manuel Barroso said it was time for a “post-industrial revolution” which would see Europe slash greenhouse gases by 20% by 2020.

EU vulnerability as an oil importer was thrown into sharp relief this week when Russia’s row with Belarus hit supplies.

There are three central pillars to the proposed integrated EU energy policy.

  • A true internal energy market
  • Accelerating the shift to low-carbon energy
  • Energy efficiency through the 20% target by 2020

In addition to the 20% of all EU energy that should come from renewable power by 2020, 10% of vehicle fuel should come from biofuels, said EU energy chief Andris Piebalgs.

The EU wants to make these targets to be binding for the first time, he said.

via BBC News

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