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Chief executives from sixty of Europe’s leading electricity companies pledged to achieve a “carbon-neutral power supply by 2050″ in a joint declaration delivered to EU energy commissioner Andris Piebalgs on Wednesday.
EU and national policy makers must help the sector achieve the goal by providing financial support for the demonstration of “clean fossil technologies” such as carbon capture and storage (CCS), according to the declaration. Governments are currently debating a €3.9bn economic stimulus package that includes around €1bn for CCS (EE 16/03/09).
The CEOs said that producers will require access to all power generating technologies including nuclear, renewables and CCS. They also called for a “market-based approach” to developing renewable energies – a reference to an EU trading system for renewable energy certificates rejected by EU lawmakers last year (EE 27/06/08).
Achieving a carbon neutral power supply will mean reducing domestic emissions as far as possible and offsetting any “unavoidable” emissions through reduction projects in developing countries, the CEOs added.
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