News Summary: EU relaxes renewables target

|
News,Business

SLOWING DOWN: The European Union is shying away from more ambitious renewable energy goals as the sluggish economy dents its zeal in the global fight against climate change.

NEW GOAL: The EU is holding off on tougher, binding renewable energy targets for its 28 member nations. On greenhouse gas emissions, it called for a reduction of 40 percent by 2030 compared to 1990 levels instead of its existing binding target that calls for a 20 percent reduction by 2020.

THE OBJECTION: Germany, which is Europe's biggest economy, has vowed to replace nuclear power with renewable energy sources by 2022. Berlin had urged the commission beforehand to stick to binding national targets for energy generated from water, biomass, solar and wind instead of watering it down by introducing a pan-European goal.

View article comments Leave a comment