The Commission by environmental campaigners forecast 3 trillion euros would generate by 2050 on their green revolution campaign- to make EU energy almost totally carbon free.
The energy shift would already create around half a million extra jobs by 2020, Crown researchers from German aerospace center DLR, which also specializes in energy and transport, found. It has legislated to ensure that 20 percent of the energy mix is green by the said year, as part of a set of three main environmental goals. But it has yet to achieve agreement on binding targets beyond 2020, even though non-binding roadmaps have laid out the need for a virtually carbon-free electricity mix by 2050.
Commissioned by Greenpeace and the European Renewable Energy Council (EREC), the 2012 Energy evolution report lays out risk avoidance towards almost carbon-free energy. They include curbing energy demand through greater efficiency, increasing investment in wind and solar power and phasing out subsidies for carbon-intensive energy, such as coal.