New EU energy goals would save billions of €
Meeting the energy and climate targets for 2030 that are currently under discussion in the European Commission would save up to €35 billion euro per year in health costs as air pollution declines. It would also add an estimated 0.5 per cent to gross domestic product, due mainly to lower oil and gas imports.
The numbers are from a draft Commission assessment of the impact of 2030 goals expected to be announced early next year. The Commission’s 2030 scenarios range from a 40 per cent cut in greenhouse gas (GHG) emissions with no other targets, to a GHG target of 40 per cent plus a 30 per cent renewables goal, and a GHG target of 45 per cent combined with a renewables target of 35 per cent.
None of the scenarios include an energy savings target, which is the obvious way to meet EU goals for lower energy costs, better energy security and lower emissions. While there are no efficiency targets, there are energy savings assumptions, ranging from 24 to 33 per cent, saving up to between €11.1 billion and €34.5 billion per year in health costs, the impact assessment found.
Source: PlanetArk, 7 November 2013