Brussels proposes tradable credits to boost renewables

Renewable energy will become a serious player across the EC energy market by 2010 if proposals in a Green Paper published by the European Commission at the end of November are accepted by Member States.1 The Commission wants to double the renewables' market share to 12% by 2010. Its main proposals for achieving the target - a system of tradable renewable energy credits, minimum EC taxes on conventional energy sources, and measures to improve renewables' access to electricity grids - are likely to receive a hostile reception from electricity utilities. The UK, currently at the bottom of the EC renewables league, has already said that it regards the target as too ambitious.

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