In a draft paper seen by the Associated Press, the European Union outlines the necessity to reduce foreign oil dependency and green house gases through out Europe. The EU is looking for more focus on solar, wind, and biofuels and predicts that the majority of European nations could be run largely on these alternatives by 2020. The additional focus was perhaps sparked by delays in oil shipments due to disputes inside their Russian suppliers. The paper also highlights a series of economic benefits, saying that market problems are causing governments to cap power prices, leading to less investment in the sector that could cause future supply crunches. “This situation cannot continue,” it warns, saying it believes a series of measures need to be taken to create a competitive market within three years.
[ Today.Az ]
