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The EU is not very rich in indigenous natural resources, such as fossil fuels, and extraction costs are higher than in other countries. However, renewable energy sources offer a great potential in Europe.
The EU has great weight in the international customer energy arena. In 1997, imports amounted to 120 billion euros. The EU accounts for 14-15% of global energy consumption and is therefore the largest importer of oil (19% of world consumption) and gas (16% of the world consumption). In (...)
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To date, a small number of countries account for the bulk of renewables installations worldwide. European countries have been in the forefront and a number of studies suggest substantial job potential. A modelling exercise supported by the EU found that under current policies, there could be a net gain of 950,000 direct and indirect full-time equivalent (FTE) jobs by 2010 and 1.4 million by 2020. Under an “Advanced Renewable Strategy,” there could be 1.7 million net jobs by 2010 and 2.5 (...)
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Europe’s leadership in promoting renewable sources of energy has significantly increased ‘green’ employment. Yet, this is only the beginning. Europe now has close to 400,000 jobs in the renewable energy sector, with prospects that the numbers will mushroom to a few million in the next decade or so. The numbers projected from various studies leave little doubt of the great potential ahead. In other words, a much greater transition still lies ahead and it promises millions of additional green (...)
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