Europe Increases Renewable Energy Target

[] Citing “Green Prices News,” Green Energy Resources reports that Europe will increase its renewable energy targets from 20 to 25 percent by 2020. The Netherlands has approved 400 million euros ($498 million USD) to expand renewable energy. Germany has already increased its renewable energy output by 11 percent in 2005. Biomass is expected to comprise up to 12 percent of the total renewable portfolios in Europe, a 100 percent increase from original goals. Demand for wood biomass is expected to increase at least four fold from current levels in Europe. The new targets will be confirmed next month at a meeting of European Union leaders.
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