New Delhi, Sep 9 (UNI) European Union today announced the launch of New European Business Technology Centre here to focus on research in the areas of energy conservation, transport, biotechnology, clean technologies and renewable energy sources.
Making the announcement at a meeting organised by Federation of Indian Chamber of Commerce and Industry, Mr Matthias Ruete, Director General, Energy&Transport, European Commission, said European Union is in the process of production of carbon dioxide-free energy by 2050 with the combination of clean coal technology and renewal resources.
Europe is also looking at economic cooperation with India in the areas of science and technology relating to coal and clean fuel, biofuels, energy efficiency and conservation, he said, adding there are huge opportunities for India and EU in the coming years.
Expressing his concern on excessive consumption of energy, Mr Ruete urged industry to look for alternative source of energy.
EU has set the target to meet 30 per cent of its energy requirements through renewable sources by 2020, he added.
FICCI Deputy Secretary General Rajan Kohli said there are immense opportunities for cooperation between the two regions in the areas of energy management, hydropower, solar and wind energy, nuclear energy, environment-friendly fuels, and clean coal technologies.
Energy and transport are the strategic areas for economic cooperation between India and EU, Mr Kohli said, adding that energy is of major significance for both India and Europe. Both sides recognise the need to work towards achieving safe, secure, affordable and sustainable energy supplies. Joint efforts in the development of more efficient, cleaner and alternative energy chains will be of paramount importance, he added.
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