Lifecycle
- Effective
- Last change
Country / jurisdiction: European Union · Year: 2014 · Status: In force · Level: International · Type: Voluntary
EU countries have agreed on a 2030 Framework for climate and energy, including EU-wide targets and policy objectives for the period between 2020 and 2030. These targets aim to help the EU achieve a more competitive, secure and sustainable energy system and to meet its long-term 2050 greenhouse gas reductions target.
Targets for 2030:
a 40% cut in greenhouse gas emissions compared to 1990 levels
at least a 27% share of renewable energy consumption
at least 27% energy savings compared with the business-as-usual scenario
Policies for 2030:
To meet the targets, the European Commission has proposed:
A reformed EU emissions trading scheme (ETS)
New indicators for the competitiveness and security of the energy system, such as price differences with major trading partners, diversification of supply, and interconnection capacity between EU countries
First ideas on a new governance system based on national plans for competitive, secure, and sustainable energy. These plans will follow a common EU approach. They will ensure stronger investor certainty, greater transparency, enhanced policy coherence and improved coordination across the EU.
The framework was adopted by EU leaders in October 2014. It builds on the 2020 climate and energy package. It is also in line with the longer term perspective set out in the Roadmap for moving to a competitive low carbon economy in 2050, the Energy Roadmap 2050 and the Transport White Paper.
Official source: http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52014DC0015#
Source
https://www.iea.org/policies/1494Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.