EU and national climate policies Sample Clauses

EU and national climate policies. The first energy and climate policy package that addressed the need to reduce emissions and reform the energy sector was the 20-20-20 targets launched in 2007, with the EU ETS, the Renewable Energy Directive3, the Energy Efficiency Directive4 as well as the 3rd package of energy market liberalisation5. The implementation of this legislation was the turning point for the EU’s emergence as global energy leader. In 2011, the EC came forward with three strategic roadmaps to achieve at least 80% GHG emission reduction by 2050 based on a consistent analytical framework: the Roadmap for moving to a low carbon economy in 2050, the Energy Roadmap 2050, and the Roadmap to a European Transport Area (Transport White Paper). These acted as pillars of Europe’s energy transition, laying out: • "No-regret options", namely mature, dominant, and efficient policies that can transform the energy system with low (or negative) implementation costs. These include improvements in energy efficiency, RES expansion, and electrification of energy services; • Cost-efficient GHG emissions reduction milestones for 2030; and • A pathway for the transition to a low carbon economy by 2050. These roadmaps cover all sectors of the economy, focusing on energy and transport, and demonstrate the feasibility and credibility of the EU's objective to reduce its domestic GHG emissions by 80-90% in 2050 compared to 1990 levels. They define milestones for a cost-effective pathway towards this objective: a 40% reduction below 1990 levels by 2030 (as later endorsed in the 2030 Climate and Energy Policy Framework6) and 60% by 2040. These Roadmaps have been instrumental in putting the EU close to the UNFCCC agenda. 3 Directive 2009/28/EC 4 Directive 2012/27/EU 5 Directives 2009/72/EC, 2009/72/EC, Regulations (EC) 713/2009, 714/2009, 715/2009 6 Conclusions of the European Council of 23 and 24 October 2014 PU Page 11 Version 2.0 Drawing on the roadmaps and integrating new evidence, the Commission tabled a proposal in 2014 for the EU to adopt an energy and climate policy framework for the period 2020-2030. The European Council agreed to three targets for 2030: at least 40% reduction in GHG emissions, at least 27% RES in gross energy consumption and at least 27% of energy savings. Legislation provisionally agreed in July 2018 revised the two energy targets upwards to at least 32.5% for energy efficiency and at least 32% for renewable energy and introduced the Governance Regulation to ensure a coherent long- ...
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