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dioxide
capture and hydrogen. Development
of renewable energy is important for the Group
because it wants to come up with solutions which
reduce carbon dioxide emissions nationally and
internationally.
Challenges:
Commitments
for reducing greenhouse gas emissions are imposed by
the Kyoto protocol, which has been signed by the
European Union.
These requirements have in turn enhanced the
attention being paid to producing energy from
renewable sources. For the EU's power generation
sector, the aim is to increase the proportion of
electricity provided by renewable sources from 13.9
per cent in 1997 to 22.1 per cent by 2010. To reach
this objective, the member countries must implement
policies which allow renewable electricity to
compete with other forms of power generation. Most
European electricity comes from hydropower stations.
Their economics are good, and power prices in nation
are low by comparison with most EU countries.
Expanding power generation by investing in new forms
of renewable energy therefore requires government
intervention to provide satisfactory financial
returns.
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