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‘No sustainable growth without sustainable energy’ - Oettinger

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EU Commissioner for Energy Günther Oettinger championed the growth of EU renewables, and reminded energy companies of the necessity of accepting rules on transparent markets during a speech at the World Economic Forum Annual Meeting on 25 January 2013.

‘In 2011, for the first time, European investments in renewable energies were higher than for conventional fuels. Europe already produces over 3.8 GW from wind power alone!’ said Oettinger, adding that there would be ‘no sustainable economic growth without sustainable energy’. The Commissioner promised ‘more jobs in renewable energy, on top of the million we have already created’.

For suppliers, Oettinger had a clear message: ‘Our energy companies have to accept rules on transparent markets. Any company operating in Europe has clear and common rules. This includes companies owned by foreign entities! We defend fair competition, to allow new entrants, small companies, or advanced technology, the same chances of success as everyone else. We enforce clear rules on subsidies, state aids and mergers, preventing corruption, conflict of interest or wasted public money.’

Commissioner Oettinger was contributing to a session on powering future growth, responding to the question: How can economies deliver safe, affordable and sustainable energy to drive future growth?

Read the full text of Commissioner Oettinger’s speech here

 

  • References include:

The Carbon Crunch by Dieter Helm

The Living Planet Report, WWF

 

This article first appeared on www.managenergy.net