The European power sector is at a critical juncture. The European Union's 20-20-20 policy targets are driving a revolution in power technology and there are an abundance of old and polluting utilities that are in dire need of repair.
It seems that European utility shares are set to go into freefall in comparison to its competitors in Asia and the US due to the hugely ambitious (some would say massively naïve) Co2 cuts promised by Europe's big wigs at last year's Copenhagen Climate Summit. In comparison the Asian and US diplomats set targets that were not newsworthy, however, realistic, after all you don't want to fall in the trap of over promising and under deliver...
Posted October 25th 2010
Source: www.ngueurope.com
