EU calls for new power revolution

EU calls for new power revolution

BRUSSELS – The European Union will call for “a new industrial revolution” on Wednesday as it tries to cut its addiction to imported oil and slash the carbon emissions blamed for global warming.

In a draft paper seen by the Associated Press, the European Commission says the days of secure, cheap energy for Europe are over. Surging world demand for limited stocks of oil and gas has sent prices fluctuating.The EU executive said Europe has to look at alternatives: using more renewable energy such as wind power and biofuels.It also suggests that current plans to cut back nuclear power – which it calls “one of the cheapest sources of low carbon energy” – will endanger the goal of curbing greenhouse gas emissions.It does not, however, explicitly endorse nuclear, saying this is a decision for each EU nation.Electricity generation will be “heavily dependent” on natural gas, it said, warning a number of countries reliant on one main supplier that they should diversify.The EU said it is confident that relationships with oil and gas suppliers Norway, Russia and Algeria will strengthen in future but said it still needs to open up a range of sources, suppliers, transport routes and methods.The world also needs a global effort to cut energy use, it suggests, proposing an energy efficiency agreement for industrialized nations plus China, India and Brazil to be signed at the Beijing Olympics in July 2008.Nampa-APSurging world demand for limited stocks of oil and gas has sent prices fluctuating.The EU executive said Europe has to look at alternatives: using more renewable energy such as wind power and biofuels.It also suggests that current plans to cut back nuclear power – which it calls “one of the cheapest sources of low carbon energy” – will endanger the goal of curbing greenhouse gas emissions.It does not, however, explicitly endorse nuclear, saying this is a decision for each EU nation.Electricity generation will be “heavily dependent” on natural gas, it said, warning a number of countries reliant on one main supplier that they should diversify.The EU said it is confident that relationships with oil and gas suppliers Norway, Russia and Algeria will strengthen in future but said it still needs to open up a range of sources, suppliers, transport routes and methods.The world also needs a global effort to cut energy use, it suggests, proposing an energy efficiency agreement for industrialized nations plus China, India and Brazil to be signed at the Beijing Olympics in July 2008.Nampa-AP

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