February 5, 2008
At a landmark summit in March 2007, European heads of state agreed to move forward with ambitious objectives to slash greenhouse-gas emissions and boost renewable energies by 2020 in a bid to reduce the EU’s dependency on imported fuels and set the pace for “a new global industrial revolution”. The Commission opened a wide-ranging debate on a future European energy policy with the publication of a Green Paper in March 2006. The paper was published upon EU leaders’ suggestion at theHampton Court
summit during the UK Presidency in autumn 2005.The need to act at EU level was prompted by mounting concerns regarding high oil and gas prices and worries about
Europe’s increasing dependency on a few external suppliers, as well as the global-warming crisis.
As a follow up to the Green Paper, the Commission unveiled a ‘package’ of energy and climate change proposals on 10 January 2007 in a move which, it said, would “set the pace for a new global industrial revolution” and increase EU resilience to future oil-price shocks.
From Eur ActivAuthor : EMI