| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2014) 520 final (23.07.14) |
| Publication Date | 23/07/2014 |
| Content Type | Policy-making, Report |
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The Commission recently presented a framework for climate and energy policies in the period 2020 to 2030. This framework proposes ambitious targets for greenhouse gas emissions reduction and renewable energy as part of the Union's transition to a competitive low carbon economy. It also promotes reduced energy dependency and more affordable energy for business and consumers via a well-functioning internal market. The 2030 framework has since been complemented by a more detailed analysis of the Union's energy security, taking into account recent geopolitical events at the eastern border of the EU, together with a strategy that proposes concrete actions to reduce energy dependency in the immediate future and over the longer term. In line with the request of the European Council, this Communication explains and quantifies the contribution that energy efficiency could make to reducing greenhouse gas emissions and to improving the Union's energy security which are both facets of an integrated framework for climate and energy policy. In line with the Energy Efficiency Directive, the Communication also reports on the outlook for attainment of the 20% target for energy efficiency in 2020. Energy efficiency has a fundamental role to play in the transition towards a more competitive, secure and sustainable energy system with an internal energy market at its core. While energy powers our societies and economies, future growth must be driven with less energy and lower costs. The EU can deliver this new paradigm. Well before the crisis hit in 2008, the EU had started to decouple economic growth from energy consumption through increased energy efficiency. An increasing decoupling of economic growth and energy consumption has continued since then, driven by price signals and by a comprehensive set of energy efficiency policies. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2014:520:FIN |
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| Subject Categories | Energy |
| Countries / Regions | Europe |
