European Parliament Signs Declaration to Establish Europe-Wide Hydrogen Economy
25 May 2007
A slight majority of Members of European Parliament (MEPs) have signed a declaration to establish a Europe-wide hydrogen-based energy economy.
Of the EP’s 785 MEPs, 420 (53.5%) signed the declaration to push for a hydrogen-based fuel economy.
Among the main goals of the declaration is to increase energy efficiency by 20%, to reduce greenhouse gas emissions by 30%, and to produce 33% of electricity and 25% of other energy via renewable energy sources by 2020. In addition, the parliament urges all EU institutions to work toward building a “bottom up” hydrogen infrastructure by 2025, and to liberalize consumers access to choose among environmental energy supplies.
To hit these targets, the EP envisions a five-point strategy: maximizing energy efficiency, reducing gas emissions, optimizing commercial use of renewable energy, establishing hydrogen production and an infrastructure for its use through fuel cells, and creating “smart” power grids to distribute energy.
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