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Energy and climate goals for 2030

On 24 October 2014 the European Council approved the 2030 Framework for Climate and Energy, proposed by the European Commission with objectives to be met by 2030:

  • a binding EU target of at least 40% reduction of greenhouse gas emissions by 2030, compared to 1990;
  • a binding target of at least 27% of renewable energy used at EU level;
  • an energy efficiency increase of at least 27%, to be reviewed by 2020 having in mind an EU level of 30% for 2030;
  • the completion of the internal energy market by reaching an electricity interconnection target of 15% between Members States and pushing forward important infrastructure projects.

Such an agreed EU policy framework on greenhouse gas emissions, renewables and energy efficiency should provide the necessary stability and predictability for its economic operators and confirm the EU’s role globally.

The European Council also recalled its goal to build an Energy Union aiming at affordable, secure and sustainable energy.

 

 

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The EU's 2030 goals for climate and energy (video)

What are the objectives?

  • 40% cut in greenhouse gas emissions (compared to 1990 levels)
  • To achieve at least a 27% share of renewable energy consumption
  • Energy efficiency to play a vital role, but no specific target at this point.

Why more objectives?

The EU already has a comprehensive set of energy and climate policies for the period up to 2020. But forecasts looking forward to 2050 suggest that current policies are not sufficient to bring about a sustainable, secure and competitive low-carbon economy and energy system.

Price study

This study into energy prices and costs will:

  • help explain context to recent price rises and their impact on energy consumers
  • ensure that policy decisions are based on thorough evidence-based economic analyses
  • provide an insight into international price developments

How have prices in the EU developed?

From 2008 to 2012 Europe has seen a significant rise in average retail prices for households and industry.

Yet over the same period, wholesale electricity prices fell by one-third and wholesale gas prices remained the same.

The study shows energy prices will keep rising in the short term – mainly due to rising fossil fuel prices and the need for investment in networks and new power generation.  

  • Household electricity prices have risen by 4% a year, household gas prices by 3% a year – above inflation for most EU countries
  • Retail electricity prices for industrial customers have risen by 3.5% a year – but industry retail gas prices have risen by less than 1% a year, below inflation for most EU countries
  • Wholesale electricity prices fell by 35-45% over the period
  • Wholesale gas prices, despite fluctuations over the five year period, have remained the same.
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