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REPORT: BELGIUM SHOULD SPEND 50 BILLION EUR ON RENEWABLE ENERGY BY 2030

28 May 2014

In 2010, Belgium spent only 6% of subsidies for energy on energetic efficiency, according to the results of a new study published at the end of April. The study found that the Belgian government should spend 5 billon EUR on a transition towards streamlining its electric power infrastructure. The research was sponsored by World Wildlife Fund for Nature and the international energy company Eneco. The two organizations emphasize the necessity for long-term political measures in terms of energy efficiency.

The study affirms that only 6% of subsidies for energy was spent on energy efficiency in 2010. It also suggests that this proportion might have decreased even more in 2011 during the period of tax support cuts. Furthermore, nuclear and fossil energy still receive more subsidies than renewable energy. According to findings published in the report, an energetic transition could be feasible through the development of solar and wind power. The calculations show that the deployment of renewable energy in Belgium by 2030 would cost about 50 billion EUR.

WWF Belgium CEO Damien Vincent told LeVif.be that investing in renewable energy would have further economic benefits as it would create 32,500 jobs by 2030. He also also emphasized that the part of subsidies allocated to energy savings should be considerably increased and some part of the subsidies should be relocated from traditional energy to renewable energy.

source: Greenfudge.org