EU Should Drop Some Renewable Targets, Policy Exchange Says

The European Union should abandon its renewable-energy target to cut the costs of fighting climate change, according to Policy Exchange.

“The target mandates an unnecessarily expensive route to meeting carbon-reduction goals and distorts spending in favor of rapid deployment of immature technologies,” the London-based research group said today in an e-mailed report. “EU policy should treat all low-carbon sources on an equal footing.”