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Finding Opportunity In The Energy Transformation – The Perspective From The EU

  • 30 mayo, 2018
    MARYSOL DEL VALLE
    IRENA
  • Resumen:

    As European Commissioner for Climate Action and Energy, Miguel Arias Cañete is tasked with accelerating the deployment of renewable energy in the region, both in response to climate change and as an industrial policy imperative.

    The EU has made progress. Overall, it improved its energy intensity by over 20% between 2005 and 2016, keeping its final energy consumption stable despite economic growth. In 2015, increased use of renewables reduced greenhouse gas emissions equivalent to Italy’s total emissions and saved the EU €16 billion in fossil fuel imports.

    At the same time, Commissioner Cañete reminded the audience at the 4th EU Energy Summit that although significant progress has been made, there is still a long way to go, noting that “still coal, gas and oil together accounted for some 72% of our primary energy consumption in 2016, and most of this is imported.”

    Commissioner CaneteIn February this year, as part of the Remap programme IRENA published Renewable Energy Prospects for the European Union, prepared in co-operation with the European Commission. The report found that the EU could cost effectively double the renewable share in its energy mix, from 17% in 2015 to 34% in 2030. IRENA reached out to Commissioner Cañete to get his views on Europe’s energy transformation.

    IRENA: In the EU Action Plan on Financing Sustainable Growth, the European Commission states that “sustainability and transition to low-carbon, more efficient and circular economy are key in ensuring long-term competitiveness of the EU economy.” How, in your view, are the energy transformation and sustainability fundamental to the EU economy as a whole?

    Commissioner Cañete: The importance of the energy sector for the EU economy cannot be overstated: It employs close to 2.2 million people, spread over 96,000 companies across Europe, representing 2% of total added value. Energy represents on average 6% of annual household expenditure.

    The research and innovation development of new technologies and services across the energy supply chain has led to the creation of new businesses throughout Europe, providing jobs and economic growth for Europeans.

    At the end of 2016, the European Commission put together the "Clean Energy for all Europeans” package. Through eight new or revised pieces of legislation, including to the Renewable Energy Directive, this is putting in place the most advanced regulatory framework to facilitate the investment that we need in Europe to modernise our economy.

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