On 30 November 2016, the Commission presented a legislative proposal for a reliable and transparent Governance of the Energy Union to help the EU meet its climate and energy policy goals until 2030 and beyond. In June 2018, Council and European Parliament reached a political agreement on the Regulation, which was endorsed by the Parliament on 13 November 2018 and the Council on [3 December 2018]. These endorsements will be followed by the publication of the text in the Official Journal of the Union, and the new legislation will enter into force.
Under the Governance Regulation, Member States develop integrated national energy and climate plans. The plans cover the five dimensions of the Energy Union based on a common template. The Commission published on 18 June 2019 its assessment of the draft plans Member States provided by end of 2018. Member States will report on the progress made in implementing the plans. The Commission will monitor the progress on the EU as a whole, in particular as part of the annual State of the Energy Union report. Member States shall submit their final plans for 2021-2030 to the Commission by the end of 2019. By 2023 the Member States shall provide updates of the plans, in line with the 5-yearly ambition cycle of the Paris climate agreement.
The Governance Regulation updates the existing Climate Monitoring Mechanism, brings it in line with the transparency requirements of the Paris Agreement, and makes it fit for tracking progress with the 2030 climate and energy legislation, while reducing administrative burden.
The Governance Regulation includes the necessary elements to track progress of the implementation of EU climate legislation, such as the Effort Sharing Regulation and the Regulation on the inclusion of greenhouse gas emissions and removals from land use, land use change and forestry (LULUCF) into the 2030 climate and energy framework as well as of the EU’s international commitments under the UNFCCC and Paris Agreement. It lays down a monitoring mechanism for greenhouse gas emissions and other climate information so that the EU will be able to comply with its reporting obligations under the UNFCCC and Paris Agreement.