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EU summit adopts „wise compromise” on renewables, says PM

A compromise favorable to Hungary as well as the European Union was agreed on at the EU summit on climate change and renewable energy ended in Brussels on Friday, Hungarian Prime Minister Ferenc Gyurcsány told the press after the meeting.

The agreement to make a common European commitment to increase the share of renewable energy resources to 20% within all energy sources in the average of 27 countries by 2020, but not to require the setting of national targets directly was a „wise compromise”, Gyurcsány said. The European Commission will work out individual agreements with member states on how to share the required increase, he added.

The states also agreed at the summit to target a 20% reduction of greenhouse gas emissions by 2020. They also decided to raise the proportion of biodiesel within fuel consumption to 10% within the same timeframe. Heads of state and government at the summit agreed that the compromise was a milestone in global climate protection and regional energy policy, unequalled in other areas of the world, Gyurcsány said.

Hungary's renewable energy use makes up just 4.5% of all energy used compared to the EU average of 6%. Speaking to journalists in Brussels before the summit Gyurcsány argued that costs of raising that rate to 20% would be unbearable for the country. (Bloomberg)