EU Energy Ministers Debate Energy Savings Goals for 2030, and a New Report by Ernst & Young says China is the Best Country for Renewable Energy Projects - Energy Minute for December 7, 2012

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EU Energy Ministers Debate Energy Savings Goals for 2030, and a New Report by Ernst & Young says China is the Best Country for Renewable Energy Projects - Energy Minute for December 7, 2012

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Friday, December 7, 2012 - 1:00pm

CONTENT: Press Release

Energy ministers from the 27 member states of the European Union have asked the European Commission, the organization’s executive arm, to review programs for green fuel subsidies as it considers new targets for 2030. The ministers want the new energy savings goals to include guidance on investment and support that does not cause inefficiencies in cross-border trade of electricity. The European Renewable Energy Council, the umbrella organization for European green energy, has called for a goal of drawing 45 percent of EU energy from renewable sources by 2030.

A new report from Ernst & Young says that China remains the best place to undertake renewable energy projects like solar or wind. While China remained at the top of Ernst & Young’s All Renewables Index (ARI), it dropped a point in the solar index, where the U.S. topped the list. The report finds the overall attractiveness of the U.S. for renewables fell also, largely because of political uncertainty during the election season and the lack of a long-term policy plan. The report, which looks at how countries are making their policies attractive for solar and wind projects, also finds that emerging markets are becoming a bigger factor.

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Video Source: EU Energy Ministers Debate Energy Savings Goals for 2030; New Report by Ernst & Young Says China is the Best Country for Renewable Energy Projects

Keywords: 3bl Media | Alternative Energy | All Renewables Index (ARI) | Energy | Energy Minute | Ernst & Young | European Commission | European Renewable Energy Council | European Union

CONTENT: Press Release

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