Most people know what a 20/20 vision means - but environmentally speaking here comes the '20/20/20 by 2020 vision' from Brussels: it means that by 2020 there should be a 20 percent reduction in greenhouse gas emissions (CO2), a 20 percent improvement in energy efficiency, and a 20 percent share for renewable energy sources in the EU energy mix.
An example of the scoring points through the CO2 quota system and the energy mix was given: if the Danish energy company of DONG were to construct a wind mill energy plant off the Bulgarian coast in the Black Sea - there could be scoring points along all three elements of the 20/20/20 vision. The company of DONG will score on the CO2 emission quota system. The Bulgarian state will score on the renewable energy goals. And the Belgium state could buy the renewable energy from the Bulgarian state through the inner open market in Europe - thus scoring on energy efficiency, because they could potentially buy the energy cheaper than would be the case if they were to build the energy plant themselves. And presto: the 20/20/20 vision is realized. Strengthening the whole European region in obtaining the overall UN goals from the Kyoto agreements.
An example of the scoring points through the CO2 quota system and the energy mix was given: if the Danish energy company of DONG were to construct a wind mill energy plant off the Bulgarian coast in the Black Sea - there could be scoring points along all three elements of the 20/20/20 vision. The company of DONG will score on the CO2 emission quota system. The Bulgarian state will score on the renewable energy goals. And the Belgium state could buy the renewable energy from the Bulgarian state through the inner open market in Europe - thus scoring on energy efficiency, because they could potentially buy the energy cheaper than would be the case if they were to build the energy plant themselves. And presto: the 20/20/20 vision is realized. Strengthening the whole European region in obtaining the overall UN goals from the Kyoto agreements.