The Hungarian EU Council Presidency convened an extraordinary meeting of the Council of Energy Ministers to review current international developments and examine their effects both on global energy markets and on the European Union’s energy sector.
Günther Oettinger said: "Despite progress, our estimates show that we need a further decisive and coordinated action on energy efficiency, without which the EU will not meet its objective of 20% energy savings by 2020. It paves the way for the longer term policies needed to achieve a decarbonised and resource-efficient economy by 2050 and to place the EU at the forefront of innovation. "
Günther Oettinger said: "It is our priority to remove all barriers to the internal energy market so that energy can flow freely everywhere in the EU. The single European energy market must become a reality for all businesses and consumers by 2014."