June 2009

Trends and Resources

HP Impact: HPImpact: Efficiency goals could radically reshape EU's energy landscape—CERA

Utility companies across the EU registered all-time peak electric and gas usage during the winter of 2008-2009. Action on the EU goal of reducing energy usage 20% by 2020 through energy efficiency cou..

Weirauch, Wendy, Hydrocarbon Processing Staff

Utility companies across the EU registered all-time peak electric and gas usage during the winter of 2008-2009. Action on the EU goal of reducing energy usage 20% by 2020 through energy efficiency could result in significant energy use reduction by 2020, and could fundamentally reshape Europe's energy landscape by 2030, concludes a study from Cambridge Energy Research Associates (CERA). However, reduced energy consumption at the level desired by the European Commission (EC) would not be inexpensive—costing at least €250 billion, according to the study. Major new policy initiatives would also be required, making the implications a critical issue for policymakers and industry at a

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