Renewable energy can save European economy

Expert says, Renewable energy can save European economy

To revitalize Europe’s economy renewable energy should be the focal point, an expert said in a recent interview.

“Renewables could pull the European economy out of its current crisis,” said Gus Schellekens, who is the director of sustainability and climate change at PriceWaterHouseCoopers (PWC).

By concentrating on renewables and support early investments, countries can be driven forward and their dependence on struggling industries can be lifted, Schellekens said.

Increasingly, European countries support solar power and raise their level of implementing renewables.

In Germany, solar cell prices fell and demands increased because the government decided to subsidize anyone who produces solar power. Now, solar power produces up to a 10% of Germany’s electricity on sunny days.