REC infographic sums up EU 2030 Framework
On January 21, 2014, the European Commission launched its 2030 climate and energy goals for a competitive, secure and low-carbon EU economy. Climate Commissioner Connie Hedegaard emphasised that climate policy is not synonymous with deindustrialisation or hampering competitiveness: on the contrary, placing a price on carbon can stimulate innovation and promote efficiency.
While the EU is making good progress towards meeting its climate and energy targets for 2020, an integrated policy framework for the period up to 2030 is needed to ensure regulatory certainty for investors and a coordinated approach among EU member states.
The European Commission presented a framework that seeks to drive continued progress towards a low-carbon economy. It also aims to build a competitive and secure energy system that ensures affordable energy for all consumers, increases the security of the EU's energy supplies, reduces dependence on energy imports and creates new opportunities for growth and jobs.
The 2030 framework for climate and energy policies includes the following ambitious goals:
- reducing greenhouse gas emissions to levels 40percent below 1990 levels;
- an EU-wide binding target for a renewable energy share of at least 27%;
- upgraded energy efficiency policies;
- a new governance system; and
- a set of new indicators to ensure a competitive and secure energy system.
The EC invited the European Council and European Parliament to endorse both its approach and the EU-level greenhouse gas and renewables targets. EU leaders agreed at the European Council meeting on March 20-21 to take a final decision on the framework in October 2014 at the latest.