The climate and energy package
The climate and energy package, a set of measures agreed by the EU in 2008 to implement the so-called "20-20-20" targets, aims at transforming Europe into a highly energy-efficient, low carbon economy. The package is expected to reduce the EU's dependency on imported fuels but also to ensure that European businesses are at the forefront of the future's green technologies.
The "20-20-20" targets
The EU Heads of State and Government have set a series of demanding climate and energy targets to be met by 2020, known as the "20-20-20" targets. These are:
- A reduction in EU greenhouse gas emissions of at least 20% below 1990 levels
- 20% of EU energy consumption to come from renewable resources
- A 20% reduction in primary energy use compared with projected levels, to be achieved by improving energy efficiency.
Fighting climate change, increasing energy security and strengthening competitiveness
The climate and energy package, which became law in June 2009, entails:
- A revision and strengthening of the Emissions Trading System (ETS), the EU's key tool for cutting emissions cost-effectively.
- An "Effort Sharing Decision" governing emissions from sectors not covered by the EU ETS, such as transport, housing, agriculture and waste.
- Binding national targets for renewable energy which collectively will lift the average renewable share across the EU to 20% by 2020 (more than double the 2006 level of 9.2%).
- A legal framework to promote the development and safe use of carbon capture and storage (CCS).