AGL 37.89 Decreased By ▼ -1.69 (-4.27%)
AIRLINK 126.00 Decreased By ▼ -5.22 (-3.98%)
BOP 6.83 Increased By ▲ 0.02 (0.29%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.89 Decreased By ▼ -0.55 (-6.52%)
DFML 37.32 Decreased By ▼ -4.15 (-10.01%)
DGKC 77.50 Decreased By ▼ -4.59 (-5.59%)
FCCL 30.60 Decreased By ▼ -2.50 (-7.55%)
FFBL 69.02 Decreased By ▼ -3.85 (-5.28%)
FFL 11.89 Decreased By ▼ -0.37 (-3.02%)
HUBC 105.50 Decreased By ▼ -5.24 (-4.73%)
HUMNL 13.50 Decreased By ▼ -1.01 (-6.96%)
KEL 4.67 Decreased By ▼ -0.52 (-10.02%)
KOSM 7.28 Decreased By ▼ -0.33 (-4.34%)
MLCF 36.60 Decreased By ▼ -2.30 (-5.91%)
NBP 65.30 Increased By ▲ 1.29 (2.02%)
OGDC 181.00 Decreased By ▼ -11.82 (-6.13%)
PAEL 24.58 Decreased By ▼ -1.10 (-4.28%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 144.00 Decreased By ▼ -10.07 (-6.54%)
PRL 24.40 Decreased By ▼ -1.43 (-5.54%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.61 Decreased By ▼ -3.69 (-4.48%)
TELE 7.20 Decreased By ▼ -0.56 (-7.22%)
TOMCL 32.01 Decreased By ▼ -1.45 (-4.33%)
TPLP 8.15 Decreased By ▼ -0.34 (-4%)
TREET 16.10 Decreased By ▼ -0.52 (-3.13%)
TRG 54.89 Decreased By ▼ -2.51 (-4.37%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,116 Decreased By -388.7 (-3.7%)
BR30 29,567 Decreased By -1659.1 (-5.31%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

EU energy ministers are poised to seek "non-binding" guidance from the European Commission on reform of green fuel subsidies as part of a debate on new post-2020 policy goals, according to a draft document.
The cost of renewable energy is divisive, as politicians in Germany, for instance, blame it for high prices that can undermine EU competitiveness compared with the United States, which has benefited from cheap and abundant shale gas.
Other nations, such as Denmark, which tax fossil fuel energy at high rates, have preferred to emphasise energy efficiency to reduce consumption and cut carbon emissions.
A document to be debated by energy ministers from the 27 member states on Monday calls on the Commission, the EU executive arm, to present "non-binding guidance on the further improvement of national support schemes".
"Well-targeted and cost-efficient and effective post-2020 support may be needed, which does not cause inefficiencies in cross-border trade of electricity," the draft document, seen by Reuters, also stated.
The European Union's three main green energy goals to cut carbon emissions by 20 percent, increase the share of renewables in the energy mix by 20 percent and increase energy savings by 20 percent expire in 2020.
Debate on 2030 targets is underway, with commissioners throwing their weight behind new targets for renewables and carbon cutting in principle, without saying how ambitious they should be. So far, there has been little mention in public from the policy-makers of an energy savings goal for 2030 after a protracted battle to try to implement the 2020 efficiency target.
Renewable energy campaigners say they are relieved the post-2020 debate has begun and decisions are needed soon to help provide investor certainty.
They want high levels of ambition as global warming gathers speed and non-binding EU road maps state the need for a reduction of between 80 and 95 percent in carbon emissions by 2050 to limit temperature rise.

Copyright Reuters, 2012

Comments

Comments are closed.