The study bythe EU Sub-Committee for Agriculture, Fisheries, Environment andEnergy says an injection of €1trn ($1.3trn) is needed thisdecade.
The peersconclude that muddled Brussels policy is putting off big investors. Theyexpress alarm at “the degree of uncertainty, complacency and inertia” aroundhow this level of investment can be achieved.
The reportcalls for stronger EU leadership, a revisedEmissions Trading Scheme (ETS); a greenhouse gas reduction target of40% compared to 1990 levels, rising to 80% by 2050; and the development of electricity interconnections betweencountries.
It
