EU focuses on cutting costs rather than energy efficiency
We know that energy consumption in the European Union (eu) is rising everyday. Also, eu wastes at least 20 per cent of the energy it uses. The total energy production in Europe in 2004 was 2.4 quadrillion Btu (British thermal unit) higher than in 1994. This was brought out by the World Energy Overview 1994-2004, a report by Energy Information Administration, a us -based energy statistics organisation,
A recent development shows that eu may not be able to address the problem of rising consumption. Finland, which at present holds the European Union presidency, wanted the European Commission to approve an efficiency action plan, which listed how states can reduce energy consumption by 20 per cent by 2020. The cuts targeted savings of around us $76 billion on the eu's energy bill. The plan, which was to be approved in November 2006, was rejected by Jos