PR Newswire: news distribution, targeting and monitoring
2014

EU Destroys Competitiveness - Throws Away 1.1 Billion Euros per day

Share with Twitter Share with LinkedIn

BRUSSELS, May 21, 2013 /PRNewswire/ --

More wind energy will increase Europe's competitiveness, which is being undermined by increasing fossil fuel import costs.

As EU Heads of State and Government meet to discuss Europe's energy policy on 22 May, they should remember that the EU paid 406 billion Euros for oil and gas imports in 2012 (1.1 billion Euros per day), 3.2% of its GDP.

"The massively increasing prices for fossil fuels over the last ten years - crude oil by 14% a year, gas 10% and coal 8% - are the real danger for Europe's competitiveness", said Thomas Becker, Chief Executive Officer of the European Wind Energy Association (EWEA) in Brussels.

In contrast, wind energy requires no fuel: in 2010 avoided fossil fuel costs from wind power alone were 5.71 billion Euros in the EU; this is estimated to grow to 25.3 billion Euros by 2020. Investments made in wind energy are investments made in Europe, rather than in fossil fuel exporting nations.

"Instead of putting their efforts into increasing wind energy production for technological leadership and greater competitiveness, Governments in Europe are cutting support for renewables and relying even more on expensive fuels, often imported from countries that are far from our democratic tradition. They are shooting themselves in the foot," added Becker.

 


SOURCE EWEA European Wind Energy Association



Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release