Europe sets out energy strategy
The European Commission has set out a comprehensive package of measures to establish a new Energy Policy for Europe to combat climate change and boost energy security.
A ten-point action plan sets out a series of ambitious targets on greenhouse gas emissions and renewable energy, along with proposals to create a more competitive energy market across the economic bloc, and includes a report on the implementation by the Member States of the internal market for gas and electricity as well as the results of an enquiry of the state of competition; a plan of for priority interconnections to create a European grid; proposals to promote sustainable power generation from fossil fuels; a roadmap and other initiatives to promote renewables, and; an analysis of the situation of nuclear energy in Europe.
Based on the three central pillars of: a true internal energy market; accelerating the shift to low carbon energy; and energy efficiency, the mainstay of the new policy is a core objective for Europe to reduce greenhouse gas emissions by 20% by 2020 with the aim to increase this target to a 30% reduction by 2020 and 60-80% by 2050.
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