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Study outlines main effects of meeting 20% savings target

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On 6 June 2012 an ECOFYS study entitled “Saving energy: bringing down Europe’s energy prices” (commissioned by Friends of the Earth Europe and Climate Action Network Europe) was published. According to the study, the main effects of meeting the EU’s target of reducing its energy consumption by 20% by 2020 are as follows:

  • Lower fossil fuel prices in Europe;
  • Lower electricity prices (resulting from lower electricity demand);
  • A further reduction of energy prices due to the postponement or cancellation of infrastructure investments.

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