YERGIN PREDICTS EU WILL LEAD NEW ENERGY

EU to lead race for renewables
December 5, 2011 (UPI)

"While the outlook for the United States is uncertain, European countries are set to lead the development of renewable energy [according to Pulitzer Prize-winning energy analyst Daniel Yergin]…The European Union has established ambitious targets for cutting greenhouse gas emissions and expanding renewable energy use by 2020 [Yergin said]…Europe is leading the way in new renewable energy technology."

[Yergin:] "Europe, particularly Germany, will be a laboratory for offshore wind…It's the next frontier for renewable power."

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"The United States is rich in alternative resources like shale natural gas…[and this] is expected to shake up the energy mix in one of the world's top consumers of conventional fossil fuels.

"Though the United States doesn't have firm national laws regarding renewable energy, some states do and lawmakers are focusing on a national renewable agenda…Nevertheless, with the U.S. economy slowly moving out of recession, the focus on renewable energy should wan, said Yergin…"