The European Union needs a “low-carbon energy union” to reduce emissions and foster investment in energy efficiency and renewable energy, according to an advisory panel representing the International Energy Agency, the European Investment Bank, and the European Bank for Reconstruction and Development, among others. The approach “offers huge opportunities for investing in the current energy system, replenishing the grid, and bringing growth and jobs to Europe,” Sandrine Dixson-Decleve, Director of the Brussels Office for the University of Cambridge Programme for Sustainability Leadership, told Bloomberg. The approach would address security concerns with Russian natural gas supplies, while bringing the EU closer to meeting its 2030 climate goals.
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