Extracts from the press conference by Günther Oettinger on Financing Renewable Energy
On 31/01/2011 in Brussels, Günther Oettinger, Member of the EC in charge of Energy, held a press conference to present the communication on the progress of renewable energy in the EU adopted by the European Commission. It showed that the 2020 renewable energy policy goals were likely to be met and exceeded if Member States fully implemented their national renewable energy action plans and if financing instruments were improved. It also stressed the need for further cooperation between Member States and a better integration of renewable energy into the single European market. Estimates indicated that such measures could lead to 10 billion euro savings each year.