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« New Zealand Enacts Climate Change Law | Main | EU Climate Plan Initial Approval » Europe Agrees to Binding Renewable Energy TargetsThe EU voted overwhelmingly in favor of binding national renewable energy targets to reach its target of producing 20% of its energy from renewable sources by 2020. The Parliament backed the compromise of Green member Claude Turmes and also voted to allow member states to cooperate to achieve their national targets by, for example, operating joint projects. Oliver Schäfer, policy director of the European Renewable Energy Council, particularly welcomed the broad agreement reached on a flexibility mechanism to enable member states to reach their renewable energy targets in the most cost effective way. He said: "The efforts made by all political groups to find compromises on the most important issues have lead to significantly positive results on most issues. This is crucial to ensure investors' security. Governments - with this proposal - will also be able to maintain control over their targets and policies to achieve them." Posted on September 15, 2008 1:19 PM | Permalink TrackBackTrackBack URL for this entry: |
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