EU must drop obsession with renewables targets

02-Sep-2013 @ 17:0

Vicky Ford Vicky Ford

Anthea McIntyre Anthea McIntyre

Anthea McIntyre Anthea McIntyre

Conservative MEP Vicky Ford has called on the EU to end its slavish and counter-productive obsession with energy targets for renewables.
In her position as rapporteur on industry and energy in the European Parliament, Vicky Ford said the target has harmed investment in alternative technologies.
The East of England MEP explained: "The targets may sound good, but in fact they focus effort and investment onto one area. Instead we should be encouraging a broad scope of potential measures to combat atmospheric carbon dioxide."
She has drafted her group's response to an EU report on Carbon Capture and Storage (CCS) and is dismayed that this burgeoning technology is being stifled partly because of market-distortions created by the EU strict renewables targets.
Her report identifies CCS as the only large-scale and demonstrable technology currently available to take carbon dioxide produced when burning fossil fuels and thus can produce low-carbon electricity.
Failing to include CCS within a long-term energy strategy will severely hamper national, EU and global efforts to address climate change, she believes.
Mrs Ford said: "If we are serious about wanting reliable, affordable and secure energy sources as well as being able to control and reduce the amount of carbon dioxide in the atmosphere then we need to make sure all technologies can be used.
"During my research for this report, many people have pointed to the EU renewable target and said how this policy has undermined investment in alternatives such as carbon capture and storage.
"Therefore I believe we should look at a technology neutral approach when setting energy goals."
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