The European Union (EU) is adopting a "five-pillar" package to resolve energy challenge, European Commission President Jose Manuel Barroso said in Rome on Monday.
Speaking to the World Energy Congress, Barroso said the EU "rests on five pillars" to meet the challenge of energy:
First, the EU will increase its energy efficiency, saving 20percent of energy by 2020. This will reduce the carbon dioxide the EU pumps into the atmosphere by 780 million tons;
Second, the EU will substantially increase the amount of energy the EU uses from renewable sources, tripling renewable energy use to 20 percent by 2020, and requiring a 10 percent biofuel component in vehicle fuel by 2020 as well;
The third pillar involves substantially increasing the amount of clean hydrocarbons the EU consume. Great technological advances
are being made to reduce the carbon emissions from hydrocarbons, like clean coal technologies.
Fourth, the EU is strengthening the carbon market, which already covers 50 percent of its energy emissions and represents a market value of more than 20 billion euros (around 29.4 billion U.S. dollars).
Finally, the EU is continuing its efforts to forge an open and competitive internal energy market.
Source: Xinhua
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