2030 framework for climate and energy policies (strategic document)
Category: Executive
Document Type: Framework
Role: Main
EU 2030 Climate and Energy Policy Framework
The Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions (COM(2014) 15 final), titled 'A policy framework for climate and energy in the period from 2020 to 2030', proposed a framework to set the EU on a cost-effective path towards its long-term objective of cutting greenhouse gas (GHG) emissions by at least 80% by 2050 compared to 1990 levels. Adopted by the European Council in October 2014 as a strategic document, this framework includes several key targets and policy directions for the period up to 2030. The framework establishes a binding EU domestic GHG reduction target of at least 40% by 2030 compared to 1990. It also sets targets of at least 27% for the share of final renewable energy and at least 27% for energy savings by 2030, with the energy savings target subject to a review upwards to 30% in 2020. To achieve the binding 40% GHG reduction target, the framework outlines specific requirements for different sectors. Sectors covered by the EU Emissions Trading System (EU ETS) are required to reduce their emissions by 43% by 2030 compared to 2005 levels. Reforms to the EU ETS include the establishment of a Market Stability Reserve (MSR) to address allowance surplus and improve resilience, and an increase in the annual linear reduction factor for the cap on maximum permitted emissions from the current 1.74% to 2.2% from 2021. The volume of free allowances is to be progressively reduced. Member States with a GDP per capita below 60% of the EU average may opt to continue giving free allowances to the energy sector up to 2030, but the maximum amount handed out for free after 2020 should not exceed 40% of the allowances allocated to eligible Member States. Emissions from non-EU ETS sectors (such as transport, buildings, agriculture, and waste) need to be cut by 30% below the 2005 level by 2030 through national measures. The framework also stresses the importance of a fully functioning and connected EU energy market, as foreseen in the European Energy Security Strategy (2014). Member States are expected to support the Commission in taking measures to ensure achievement of a minimum target of 10% electricity interconnections no later than 2020. Furthermore, the 2030 framework launched the preparation of the Energy Union, aiming at affordable, secure, and sustainable energy by pooling resources, connecting networks, and uniting Member States' power when negotiating with non-EU countries. Specific legislative proposals related to the Energy Union were expected in 2015.
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Full text:
EUROPEAN COMMISSION Brussels, 22.1.2014 COM(2014) 15 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS A policy framework for climate and energy in the period from 2020 to 2030 {SWD(2014) 15 final} {SWD(2014) 16 final} EN EN COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS A policy framework for climate and energy in the period from 2020 to 2030 1. INTRODUCTION Much has been achieved since the EU adopted its first package of climate and energy measures in 2008. The EU is now well on track to meet the 2020 targets for greenhouse gas emissions reduction and renewable energy and significant improvements have been made in the intensity of energy use thanks to more efficient buildings, products, industrial processes and vehicles. These achievements are all the more significant given that the European economy has grown by around 45% in real terms since 1990. The 20/20/20 targets for greenhouse gas emissions, renewable energy and energy savings have played a key role in driving this progress and sustaining the employment of more than 4.2 million people in various eco-industries1, with continuous growth during the crisis. Box 1: Key achievements of the current energy and climate policy framework The Union has set itself three targets to be attained by 2020 for greenhouse gas emissions reductions (20%), the share of renewable energy (20%) and improvements in energy efficiency (20%). Current energy and climate policies are delivering substantial progress towards these 20/20/20 targets: • Greenhouse gas emissions in 2012 decreased by 18% relative to emissions in 1990 and are expected to reduce further to levels 24% and 32% lower than in 1990 by 2020 and 2030 respectively on the basis of current policies. • The share of renewable energy has increased to 13% in 2012 as a proportion of final energy consumed and is expected to rise further to 21% in 2020 and 24% in 2030. • The EU had installed about 44% of the world's renewable electricity (excluding hydro) at the end of 2012. • The energy intensity of the EU economy has reduced by 24% between 1995 and 2011 whilst the improvement by industry was about 30%. • The carbon intensity of the EU economy fell by 28% between 1995 and 2010. Much has also changed since 2008. Most obvious is the impact of the economic and financial crisis which has affected Member States' capacity to invest. Fossil fuel prices remain high which negatively affects the Union's trade balance and energy costs. In 2012, the EU's oil and gas import bill amounted to more than €400 bill ion or approximately 3.1% of the Union's GDP. There has been a decisive shift in the centre of gravity of global energy demand towards emerging economics, notably China and India. At the same time, households and industrial users are increasingly concerned by rising energy prices and price differentials with many of the Union's trading partners most notably the USA. The internal energy market has developed but new risks for fragmentation have emerged. The EU's Emissions Trading System (ETS) is
Tags: Carbon Pricing, Energy Supply, Institutions / Administrative Arrangements, Energy Demand, Climate Change, Energy, Ghg, Ets, Renewable Energy, Energy Efficiency, Policy, Regulation, Compliance, Deadline
Sector: Energy