A resilient Energy Union with a forward-looking climate change policy is one of the Commission's top priorities. The objective is to move towards an integrated, reliable and competitive energy market and a low carbon economy in the EU. This requires economic and other reforms in energy markets as well as substantial investment.
The goals of the EU Energy Strategy are to ensure that Europe has secure, affordable and climate-friendly energy. To pursue these goals within a coherent long-term strategy, the EU has formulated targets for 2020, 2030, and 2050.
Moving towards a European Energy Union is a key part of achieving these objectives as it will allow a free flow of energy across borders, ensure a secure supply in every EU country and lead to a sustainable, low carbon and environmentally friendly economy.
This report investigates and assesses the investment perspectives in the electricity markets of the European Union in view of the latest climate and energy policy ambitions.
DG ECFIN contributes to the development of energy policy initiatives by ensuring that they are cost-effective, support sustainable development, and, if possible, stimulate economic growth and employment.
The objective is to ensure that policies and policy reforms are welfare-enhancing and consistent with the EU's economic policies and objectives, that their economic implications are well understood and that their expected costs do not exceed expected benefits.