Report: Green Energy Would Save EU Trillions by 2050
By Barbara Lewis
BRUSSELS, Oct 24 (Reuters) – A green revolution to make EU energy almost totally carbon-free by 2050 would generate 3 trillion euros ($3.9 trillion) in fuel savings, a report commissioned by environmental campaigners said.
The energy shift would already create around half a million extra jobs by 2020, researchers from German aerospace centre DLR, which also specialises in energy and transport, found.
The European Union has legislated to ensure that 20 percent of the energy mix is green by 2020, as part of a set of three main environmental goals.
But it has yet to achieve agreement on binding targets beyond 2020, even though non-binding roadmaps have laid out the need for a virtually carbon-free electricity mix by 2050.
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