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Political

Six months after Kyoto, shifting from fossil fuels to renewables is rapidly becoming accepted energy policy, certainly among several European states. Last month the EU agreed national shares for its Kyoto "bubble" of emissions reductions. But the efforts of EC officials to create a pan-European renewables strategy to help meet the 8% reduction commitment were too vague and too ambitious to be swallowed by national governments. The political momentum on renewables in Europe has slowed. Meantime, the US budget process has seen increasing numbers of politicians join the renewables side, despite intense lobbying from fossil fuel and nuclear. The Kyoto effect continues to reverberate elsewhere too. Even Australia has announced renewables targets. Meantime, an international emissions trading system for industrialised countries to buy and sell excess "emissions credits" among themselves continues to gain favour. Global trading in renewable (wind) credits is bound to follow.

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