Renewables growth too slow under current market trends

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Under current energy market trends, Europe will fail to meet its EU targets for renewable energy unless policy changes are made. The present rate of growth of renewables is faster than in the past, but is still not enough to reach the ambitious goals of a doubling of renewable energy from 6% to 12% by 2010 set by the EU, says Juan Fraga of the European Forum of Renewable Energy Sources. Compounding the problem is the high increase in consumption due to the failure of energy conservation measures and lack of improvement in energy efficiency, he says in a paper presented to the on-line EnergyResource 2001 conference hosted by the World Energy Council. Fraga says: "Proactive policies are needed that foster an increased deployment and market penetration of renewables, as well as a market with fair competition rules," that allow "transparency and true accounting of all the costs involved in the whole energy production, transportation and consumption process".

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