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Monday, 31 January 2011

Renewable Energy: Commission calls on Member States to boost cooperation

The European Commission on 31 January presented its Communication on the progress of renewable energy in the EU. It shows that the 2020 renewable energy policy goals are likely to be met and exceeded if Member States fully implement their national renewable energy action plans and if financing instruments are improved. It also stresses the need for further cooperation between Member States and a better integration of renewable energy into the single European market. Estimates indicate that such measures could lead to 10 billions Euros savings each year. Energy Commissioner Günther Oettinger said: "We have to invest much more in renewable energy and we need smart, cost-effective financing. If Member States work together and produce renewable energy where it costs less, companies and consumers and the tax payer will benefit from this." The EU is committed to reaching the objective of a 20% share of renewable energy by 2020.

Source: European Commission