Green Growth and EUMEP Zigmantas Balčytis2012

EU 2020 Strategy

Presented in 2010 by European Commission

Primary goal to restore the economies of EU member states

20/20/20 formula

Green policy main targets

Energy: renewable energy sources, solar, wind or wave power, bio fuels and many others.

Transport: electric vehicles, bio fuel, trains.

Changing grounds

Expensive oil and fossil fuels,strong price fluctuations.

Ukraine-Russia gas crisis

The issue of energy security

Lisbon Treaty

Common EU energy policy

Emphasizing renewableenergy sources

Smart infrastructure

How ecological objectives relates to economic ones?

Transformation of:- Cities- Transport systems;- Buildings;- Energy infrastructure

Leads to mega investment projects.

Progress made

Denmark did well exporting wind energy turbines globally as well as made their home economy less dependent on the fossil fuels by consuming more of locally made renewable energy.

Siemens example in Germany.

Obstacles

In order to employ renewables in a scale of EU -wide, smart infrastructure of Connections is needed.

It costs a lot and it is hard to make it happen because of competing interests of energy firms.

Obstacles 2

Huge differences in competitiveness of the different EU member states.

Some made huge progress already, while the others have other urgent tasks. (e.g. the closure of nuclear reactor).

Old VS.

New

EU opportunity

When you use resources more efficiently, you increase productivity, when you increase productivity, you reach higher levels of growth and economic wellbeing.

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