EU needs 1 trillion Euros investment in energy

11 Nov

The European Union said Wednesday it needs to invest 1 trillion Euros ($1.4 trillion) in pipelines, insulation and wind and solar technology over the next decade to meet its energy needs.

In a scathing assessment of EU’s infrastructure EU Energy Commissioner Guenther Oettinger said the 27 nations were still thinking far too much in terms of national fiefdoms, sometimes at the cost of other member nations.: “In terms of gas and electricity, we are still operating within the borders of the principalities of the 19th century,”

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