Is Europe’s energy policy undermining its competitiveness?

» By | Published 06 Feb 2014

- Renewable energy CEOs discuss with journalists
– Wednesday 12 February 2014, 10:30-12:00 plus lunch, Brussels
– Press member? Register now by contacting Sarah Azau: [email protected]

Two weeks after the Commission disappointed the renewable energy industry and environmentalists with its weak proposal on a 2030 climate and energy framework, the European Parliament reinforced its commitment to Europe’s energy future. A majority 341 MEPs voted in favour of three binding 2030 targets for renewables (30%), greenhouse gas emission reductions (40%) and energy efficiency (40%).

The pivotal plenary vote was likely fueled by the projected benefits of strong binding 2030 targets: 570,000 new jobs, €500 billion that can be saved from fossil fuel imports and lower energy costs for energy intensive industries.

Still, many people fear the targets will cause Europe’s electricity prices to continue rising and put European businesses at a disadvantage compared to businesses in other countries.

Are they right? Should Europeans continue to support renewable energy? Is there a trade-off between clean energy and competitiveness, or is this a false debate? Who benefits from weaker climate and energy goals – and will they bring down our energy bills?

These concerns will be examined in a 12 February press conference in Brussels, at which CEOs from leading European companies will explain the importance of a strong 2030 climate and energy framework.

The press conference, titled EuropeBusiness Day, will be held from 10:30 to 12:00 in the Hotel Silken Berlaymont in Brussels.

More details can be found here: http://europebusinessday.eu/

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Categories: Climate change