Piebalgs: ”EU needs ‘quantum leap’ in use of renewable energy”

Europe should lead the new global energy agenda and take a “quantum leap in the production of renewable and low carbon energy”, according to EU energy commissioner Piebalgs.

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A growing demand-supply gap and the EU’s increasing dependency on imported energy sources are the commissoner’s first concerns. “The world is now consuming two barrels of oil for every new barrel discovered”, Piebalgs said, repeating a well-known campaign slogan of one of the big oil majors. The need for massive investments (16 trillion dollars is needed for new electricity systems, energy efficiency as well as fuels) and the threat of climate change (“the EU will need to reduce its CO2 emissions by at least 50% over the next decades”) are the two other big challenges.

Euractiv