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EU could reduce emissions 95% by 2050

July 9, 2010

In a report by Greenpeace International and the European Renewable Energy Council (Energy [R]evolution — towards a fully renewable energy supply in the EU 27) it is said 95% of emission could be cut by 2050 and 92% of energy could come from renewable sources. This would require  initial investments of €2 trillion to create a mixture of existing technology and an adoption of electic cars as well as energy savings measures. The investments would however be outweighed by fuel savings in the order of €2,65 trillion. The report urges government to scrap unfair subsides to nuclear and fossil electricity generation so that the true costs are reflected in electricity tariffs.

Today an average of 21% of electricity comes from renewable sources in the EU27, with Austria (78%), Sweden (60%) and Latvia (49%) in the top three. In Norway 99% of electricity come from renewables.

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