Renewable energy sources are gaining popularity especially in an economic environment where fossil fuels have a leading role. It is unlimited, conditioned to appropriate management, and, consequently, sustainable as it reduces greenhouse gasses emission. Renewable Energy Sources (RES) have a considerable potential to boost economic development and provide new sustainable jobs.
Energy is a fundamental component of the economic relationship between the European Union and southern Mediterranean countries. However, given the booming energy demand in southern Mediterranean countries and their great solar and wind potential, regional energy cooperation should also strongly focus on fostering large-scale deployment of renewable energy. This would allow southern Mediterranean countries to meet their increasing energy demand in a more sustainable way, and would also have positive economic and political benefits for Europe.
Renewable Energy targets to
- Develop renewable energy, energy efficiency and renewable energy transmission capacities in general in the the whole Mediterranean region
- Accelerate the development of renewable energy and energy efficiency projects in the Mediterranean partner countries to fulfil their national targets and to achieve the Mediterranean Solar Plan's renewable energy target
This is Circle the MED