Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

EU wants body-wide green power scheme

disclaimer: image is for illustration purposes only
by Staff Writers
Brussels (UPI) Dec 7, 2010
The European Commission wants to pressure Germany into accepting a harmonization of Europe's renewable energy trade.

Brussels wants to introduce continent-wide renewable power trading, which would save "billions of euros," according to an energy policy paper prepared by the commission, German newspaper Die Welt reports.

European Energy Commissioner Guenther Oettinger also shoots for a body-wide renewable energy financing scheme that would take into account regional climate differences, the newspaper writes. The scheme, possibly based on certificates, would foresee the construction of offshore wind power units in the North Sea and solar power plants in southern Europe, where the sun is abundant.

While such a plan sounds reasonable, green powerhouse Germany is against it. Observers say Berlin fears the demise of its domestic market.

Thanks to a generous national feed-in-tariff for renewables, the so-called EEG, Germany has built the world's largest solar power market when it comes to installed capacity and the third-largest wind power market behind the United States and China.

While Germany is relatively windy at the coast, the thousands of domestic solar power units would work much more efficiently in sunnier regions -- for example in southern Italy, Spain or Greece.

As the German renewable energy sector has developed into a major industry -- it employs around 300,000 people -- Berlin is eager to keep domestic demand booming.

Yet this strategy is proving increasingly costly for German taxpayers. They're funding the feed-in-tariff, which is guaranteed for 20 years, via their electricity bills.

Payments from the EEG will rise to $11.3 billion by the end of this year, up from $7.3 billion in 2009, the German Association of the Energy and Water Industries, an energy industry lobbying group warned earlier this year.

Well aware that the industry is maturing more quickly than anticipated, Berlin this spring agreed to reduce subsidies for rooftop panels by 16 percent but the German solar power boom has continued. Experts forecast up to 8 gigawatts of installations this year, that's equivalent to four large nuclear power plants.

German consumer association VZBV said solar panels installed in Germany in 2010 will result in additional costs of more than $30 billion during the next 20 years. The EU's plan to regulate financing body-wide could slash costs considerably, Brussels says.

The commission is also warming up to trans-continent energy connections such as Desertec, a multibillion-euro business initiative aimed at powering Africa's as well as Europe's homes with green electricity generated in deserts in Africa and the Middle East.

Desertec could contribute to the EU targets to reduce the body's greenhouse gas emissions by 20 percent, increase renewable energy by 20 percent and improve efficiency -- all by 2020.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Singapore in tough environmental balancing act
Singapore (AFP) Dec 3, 2010
Singapore prides itself on being a clean and green city but a booming economy and a high-consumption lifestyle have made it one of the world's biggest carbon polluters per person. As a major United Nations summit is being held in Mexico to find ways of curbing the carbon emissions blamed for global warming, Singapore's environmental balancing act poses challenging questions for the rest of A ... read more

How Can Urban Areas Efficiently Save Energy

Protest halts Dutch power station project

EU wants body-wide green power scheme

Energy Use In The Media Cloud

Four-bln-dlr electricity warehouse planned for Mexico

Iraq eyes 'Super Six' to boost oil output

Chinese cities can be model for low carbon

Canada not ready for major oil spill: commissioner

Repair And Inspection Services For The Expanding Wind Power Industry

Vestas Selects Broadwind Towers For Glacier Hills Wind Project

Optimizing Large Wind Farms

Enhancing The Efficiency Of Wind Turbines

Unique Solar Hybrid System Hits The Market

RainChief Signs MoU With Prometea Partners

Q-Cells Accelerates 120MW Project Pipeline

Carmanah Awarded Solar PV Contract

S.Korea to build 14 new nuclear reactors by 2024

South Korea pulls out of Lithuania nuclear project: gov't

Saudi wants nuclear power 'soon': US official

UN watchdog approves nuclear fuel bank

Ethanol in crosshairs as deadline nears on tax credit

The Future Of Metabolic Engineering - Designer Molecules, Cells And Microorganisms

Can Engineered Bugs Help Generate Biofuels

Biofuels Have Consequences On Water Quality And Quantity In Mississippi

China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

Optis Software To Optimize Chinese Satellite Design

Eastern Europe, a "Kyoto champion" facing huge challenges

China on climate charm offensive

Upbeat UN climate talks work on hiccups

Put deserts on climate agenda, UN official says

The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement