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EU Energy Grid Funds Must Double to Meet Carbon-Free Goal

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BRUSSELS (Reuters) - European Union nations must nearly double investment in power grid building in the decade after 2020 if it is to get on the path to carbon-free electricity by the middle of the century, think-tank the European Climate Foundation (ECF) said on Monday. The European Commission raised the goal of virtually emissions-free electricity in its 2050 road map toward a low carbon economy, published earlier this year, as the means to achieve an 80-95 percent cut in carbon scientists say is needed by then to stave off the worst effects of global warming. [More]

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