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Wednesday, 29 February 2012

ITRE Committee to help save energy and reduce CO2 emissions

According to a draft EU directive recently approved by the Industry, Research and Energy (ITRE) Committee, EU member states would have to set themselves binding national energy efficiency targets and save energy. Notably, this directive would also reduce CO2 emissions, and hence demand for emission allowances under the EU's emissions trading scheme.
The EU has set itself the task of achieving 20% primary energy savings in 2020 (currently a non-binding target), but the Commission estimates that if no measures are taken, the EU will only achieve half of that by 2020.
Rapporteur Claude Turmes has said: "This vote is a major sign that Parliament […], takes rising energy costs and energy poverty seriously. Energy efficiency offers possibilities for job creation - notably in the building sector. Now governments have a choice: protect citizens against energy poverty and create many job opportunities or allow big energy companies to make ever-increasing profits".

Source: European Parliament

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