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Crown Capital Management news - Renewable energy would save EU trillions by 2050

Posted Oct 29 2012 7:48am

http://crowncapitalmanagement.bravesites.com/entries/business/crown-capital-mana

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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

researchersfrom 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.

To bring about the energy transformation, it sees a need to invest about 99 billion euros 

between now and 2050 or else this will be added on the list of renewable energy scam, but it 

says the financial gains are much greater. Renewable energy has no fuel costs; the fuel cost 

savings in the energy evolution scenario reach a total of 3, 010 billion euros up to 2050, or 75 

billion per year.  

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