|
Compact signed to raise renewable energy to 25% |
|
|
|
Thursday, 26 October 2006 |
|
A historic agreement was forged 25 October 2006 among four renewable energy organisations to assess the feasibility of increasing the use of renewable energy to 25 per cent of global primary energy supply by the year 2025.
The memorandum of understanding entitled “Joint Assessment of Reaching 25% Renewable Energy by the Year 2025” was negotiated and signed by Michael Eckhart, President of the American Council On Renewable Energy (ACORE), Li Junfeng, Executive Director of the Chinese Renewable Energy Industries Association (CREIA), Arthouros Zervos, President of the European Renewable Energy Council (EREC), and Wolfgang Palz, Chairman of the World Council for Renewable Energy (WCRE). The memorandum calls for the groups to assess the feasibility and policy requirements needed to move the US, Europe and China to the 25 per cent level in their respective areas, and to merge the results together into a joint report one year from now. The signing took place at the Great Wall World Renewable Energy Forum (GWREF), a world conference and exposition in China that opened this week with leaders from the US, Europe, China and other countries in attendance. |
