Energy

2030 Energy Strategy

2030 Energy Strategy

EU countries have agreed on a new 2030 Framework for climate and energy, including EU-wide targets and policy objectives for the period between 2020 and 2030. These targets aim to help the EU achieve a more competitive, secure and sustainable energy system and to meet its long-term 2050 greenhouse gas reductions target.

The strategy sends a strong signal to the market, encouraging private investment in new pipelines, electricity networks, and low-carbon technology. The targets are based on a thorough economic analysis that measures how to cost-effectively achieve decarbonisation by 2050.

The cost of meeting the targets does not substantially differ from the price we need to pay anyway to replace our ageing energy system. The main financial effect of decarbonisation will be to shift our spending away from fuel sources and towards low-carbon technologies.

Targets for 2030

  • a 40% cut in greenhouse gas emissions compared to 1990 levels
  • at least a 27% share of renewable energy consumption
  • a 30% improvement in energy efficiency (compared to projections)

Policies for 2030

To meet the targets, the European Commission has proposed:

  • A reformed EU emissions trading scheme (ETS)
  • New indicators for the competitiveness and security of the energy system, such as price differences with major trading partners, diversification of supply, and interconnection capacity between EU countries
  • First ideas on a new governance system based on national plans for competitive, secure, and sustainable energy. These plans will follow a common EU approach. They will ensure stronger investor certainty, greater transparency, enhanced policy coherence and improved coordination across the EU.
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