By 2020, the EU aims to reduce its greenhouse gas emissions by 20%, increase the share of renewable energy to at least 20% of consumption, and achieve energy savings of 20% or more. All EU countries must also achieve a 10% share of renewable energy in their transport sector.
Through the attainment of these targets, the EU can help combat climate change and air pollution, decrease its dependence on foreign fossil fuels, and keep energy affordable for consumers and businesses.
Meeting the targets
In order to meet the targets, the 2020 Energy Strategy sets out five priorities:
- Making Europe more energy efficient by accelerating investment into efficient buildings, products, and transport. This includes measures such as energy labelling schemes, renovation of public buildings, and Eco-design requirements for energy intensive products
- Building a pan-European energy market by constructing the necessary transmission lines, pipelines, LNG terminals, and other infrastructure. Financial schemes may be provided to projects which have trouble obtaining public funding. By 2015, no EU country should be isolated from the internal market
- Protecting consumer rights and achieving high safety standards in the energy sector. This includes allowing consumers to easily switch energy suppliers, monitor energy usage, and speedily resolve complaints
- Implementing the Strategic Energy Technology Plan – the EU's strategy to accelerate the development and deployment of low carbon technologies such as solar power, smart grids, and carbon capture and storage
- Pursuing good relations with the EU's external suppliers of energy and energy transit countries. Through the Energy Community, the EU also works to integrate neighbouring countries into its internal energy market