NewEnergyNews: EU FOR EROEI

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    Friday, August 25, 2006

    EU FOR EROEI

    This guy is talking about EROEI (Energy Returned On Energy Invested):

    EU energy chief says renewable energy must cost less to rival oil
    - Renewable energy must become less expensive if it is to offer a real alternative to oil, EU Energy Commissioner Andris Piebalgs said Wednesday...

    - Europe has had a taste of the disruptive effects of high and volatile oil shocks on the economy in recent months and needs a consistent EU energy policy to curb its increasing dependence on imported oil…But for renewable energy to gain a real share of the market, a major factor would be "getting the cost of renewable and biofuels down,'' he said in prepared remarks...EU nations only generate 6 percent of total energy from renewables, he said, far off a target of 12 percent by 2010. He cited energy used for heating and cooling, saying "vigorous development'' was needed to make the target and promising that EU would put forward several initiatives next January…
    - Europe's commitment to reducing the greenhouse gases that are linked to climate change also means keeping the keeping the nuclear option open to the countries that want it, he said… "Nuclear energy represents at present the largest carbon-free source of energy in Europe,'' he said. "In terms of security of supply, nuclear energy is particularly attractive.''
    - However, he warned that the EU's nuclear plants are aging and nations need to work together to make sure nuclear plants and nuclear waste is dealt with at "the highest level of safety.''

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