The 2030 Framework for Climate and Energy was conceived as an extension and continuation of the 2020 EU Climate and Energy Package, whereby Member States in 2014 agreed on EU-wide climate and energy targets of:
- a 40% cut in greenhouse gas emissions compared to 1990 levels
- at least a 27% share of renewable energy consumption
- at least 27% energy savings compared with the business-as-usual scenario[1]
These targets, which were concluded to be ideal after thorough economic research into how to achieve decarbonisation and the Union’s long-term environmental goals by 2050.
Some legislative proposals in order to achieve these goals include:
- Reforming the EU Emissions Trading Scheme
- Increased emphasis to be placed upon the competitiveness and security of the energy system to liberalise and diversify supply, as well as achieve better inter-connection between MS
- Improved policy coordination for a new governance systems to ensure transparency, policy cohesion between MS and stronger investor certainty[2].