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IEA Praises the EU’s Climate Policy, Calls for Increased R&D Funding

4 September 2008: In its review of EU energy policies, the International Energy Agency (IEA) has concluded that the regional grouping is a leader in climate change mitigation through its “bold and innovative” energy policies, and welcomes the European Commission's “climate and energy package” proposed in January 2008.

The review, entitled “IEA Energy Policies Review: The European Union–2008,” recommends that the EU: pursue implementation of its climate and energy package while increasing energy efficiency throughout all sectors of the economy; ensure that European energy markets are open, transparent and competitive; and urgently increase spending for energy research and development (R&D). [IEA press release, 3 September 2008]