EU Calls for Europe-Wide Renewable Energy Trade, Welt Reports

The European Commission wants to establish a Europe-wide market for renewable energy, Die Welt reported, citing a draft paper from the commission.

A trans-European trade in renewable energy would save up to 100 billion euros ($133.4 billion) until 2020, the newspaper said. The governments should also lower subsidies for renewable energy and set incentives through regulation such as energy efficiency requirements, Die Welt reported.

To contact the reporter on this story: Christian Vits in Frankfurt at cvits@bloomberg.net

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net

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