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Benefits

1. Delivery of greater economic security, stability and growth to Europe through the establishment of new independent, sustainable and secure sources of energy.

2. Stimulation and support of indigenous European entrepreneurship and a means to position Europe as a global leader in energy innovation and environmental protection.

3. Helping Europe to break its massive dependence on oil and gas imports.

4. A means to address the negative impact of Co2 emissions and greenhouses gases responsible for climate change and achieve the stated European Commission target of a reduction by 20% of CO2 levels by 2020.

5. A means to stimulate genuine competition in the energy market by levelling the playing field for new entrants with carbon-neutral technology.

6. A means to deliver lower energy prices to European consumers, industry and business thereby increasing European competitiveness.


Conclusion

If we are brave and pursue this path, twenty years from now, we will have produced a number of major non-petroleum and gas energy players. The likely spin-offs in job creation and significant political and environmental benefits will have to be seen to be believed. As a consequence, we will have revolutionized energy, made history and taken major steps towards energy security and towards breaking our petroleum habit. In so many respects, the world might breathe a little more freely. To borrow a line from the Irish Nobel Laureate, Seamus Heaney, we can make “hope and history rhyme”.