Research and Markets: Research and Markets: Changes Afoot for the Renewable Energy Industry in the EU

This Market Assessment report on the EU renewable energy industry reviews the current situation in the market in terms of key statistics and main renewable energy source (RES) technology. This is an emerging sector, which is set to play an important role in the future EU energy mix. The energy indus...

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Bibliographic Details
Published inM2 Presswire p. 1
Format Newsletter
LanguageEnglish
Published Coventry Normans Media Ltd 07.07.2005
Subjects
Alternative energy sources
Biodiesel fuels
Biofuels
Biomass
Electricity
Emissions
Energy industry
Renewable resources
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Summary:This Market Assessment report on the EU renewable energy industry reviews the current situation in the market in terms of key statistics and main renewable energy source (RES) technology. This is an emerging sector, which is set to play an important role in the future EU energy mix. The energy industry in the EU is changing as a result of two main factors. First, the EU's indigenous energy supplies are decreasing, so greater reliance will be placed on imported oil and gas. Much of this will be sourced from countries that are not natural trading partners and might well be subject to political disturbances or unrest. This raises the possibility of disruption to energy supplies to the EU. The second major factor is the EU's commitment to reduce greenhouse gas emissions: greater use of renewable sources that do not emit greenhouse gases helps in reducing such emissions. In addition, there is a third important factor that could well prove to be a long-term trend - the steep rise in oil prices.