Gas rebranded as green energy by EU programme after industry lobbying.

May 29, 2012 Climate, Gas 

Guardian: “Energy from gas power stations has been rebranded as a green, low-carbon source of power by a €80bn European Union programme, in a triumph of the deep-pocketed fossil fuel industry lobby over renewable forms of power.” “In a secret document seen by the Guardian, a large slice of billions of euros of funds that are supposed to be devoted to research and development into renewables such as solar and wave power are likely to be diverted instead to subsidising the development of the well-established fossil fuel. ….The resulting drop in gas prices though risks stopping the development of renewable energy in its tracks, unless governments take action to support renewable technologies such as solar and wave power. “Renewable energy may be the victim of cheap gas prices if governments do not stick to their renewable support schemes,” said the IEA’s chief economist, Fatih Birol. The insertion of gas energy as a low-carbon energy into an EU programme follows more 18 months of intensive lobbying by the European gas industry.”

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