The European Council is scheduled to take a final decision on the new climate and energy policy framework at its meeting on 23/24 October 2014.
The Commission proposes ambitious and achievable energy savings target of 2030. Energy efficiency will be absolutely essential for achieving the EU´s energy transition towards a low carbon economy, as it is the only instrument which allows the EU to reach simultaneously its three energy objective:
Competitiveness, sustainability and security of supply.
The Communication on Energy Efficiency and its contribution to energy security and the 2030 Framework for climate and energy policy (onwards, the Energy Efficiency Communication) does two things:
- It assesses whether the EU is on track to reach its 2020 target to increase energy efficiency by 20% and outlines what is necessary to ensure that the target is achieved.
- It proposes a new energy saving target of 30% by 2030. This completes the 2030 Framework on Climate and Energy which was adopted by the European Commission on 22 January 2014.
The Framework called for a 40% reduction in greenhouse gas emissions compared to 1990 levels and for a renewable energy share of at least 27% of energy consumption, and indicated that the cost-effective delivery of the greenhouse gas (GHG) emissions reduction target requires increased energy savings. (http://ec.europa.eu/energy/2030_en.htm).
That is what today´s communication is delivering on. When setting the target, the Commission aims to strike the right balance between expected benefits and costs.
Energy efficiency policies had contributed to reduce Energy intensity in EU industry by almost 19% between 2001 and 2011. More efficient appliances are expected to save consumers €100 billion annually – about €465 per household on their energy bills by 2020.
despite some good progress, currently only Cyprus, Denmark, Italy, Malta, and Sweden have so far declared full transposition of the energy Efficiency directive in their respective national legislation. However, the number of Member states applying Energy Efficiency obligation schemes for utilities is expected to rise from five to sixteen.
Improving the energy efficiency of the economy brings many benefits: it contributes to security of supply, spurs investment in new technologies and therefore contributes to economic growth and the creation of new jobs. Moreover, efforts to increase energy efficiency help to keep the energy bills in check.
- Partly thanks to these policies, the target of 20% is now expected to be met if the relevant legislation is properly implemented. The Commission will act decisively to ensure that this is the case.
- The current framework, which is based on an indicative eU-level target and a mix of binding EU measures and national action including indicative targets set by Member States, has proved to be effective in driving strong progress by the Member States.