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RES joins alliance of leading CEOs to call on EU Heads of State to “Boost green growth with an ambitious 2030 renewables target”

News   •   Feb 12, 2014 09:00 GMT

CEOs from leading European companies today called for a strong 2030 climate and energy framework with an ambitious renewable energy target, including binding national targets.

An ambitious renewable energy target will boost green growth, creating 570,000 more jobs and saving €260 billion in fossil fuel imports compared to a greenhouse gas (GHG) only approach,[1] the CEOs from RES, Acciona Energia, Alstom,  Enercon, ERG Renew and Vestas told the press at a “2030 EuropeBusiness” event in Brussels.

“We welcome the European Commission’s commitment to a post-2020 climate and energy policy, which includes a renewable energy target.  However, it doesn’t go far enough,” the CEOs declared. “That is why we encourage EU Heads of State to support the European Parliament’s call for binding national renewable energy targets as well as at least the 30% overall target. Doing so will contribute to increasing EU employment, energy security, and technology leadership,” the CEOs continued.

Jean-Marc Armitano, CEO of RES Mediterranean and representing the RES Group, said at the press conference;

“Relying on a greenhouse gas reduction target alone is not enough.  It relies on short term price signals that will stem investment in the renewable technologies that have the biggest potential for cost reductions in the future. It also risks a fossil fuel lock-in which is counter-productive to the ultimate goal of reducing emissions.”

The seven companies are part of a coalition of 91 companies and have signed a business statement calling for a strong 2030 framework and targets.

 

[1] The European Commission’s 2030 impact assessment.

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