Energy Union Package revealed (reduction target of 40%)

This package will consist of three initiatives:

1) Energy Union Framework Strategy and Action Plan

The goal of a resilient Energy Union with an ambitious climate policy is to give EU consumers – households and businesses – secure, sustainable, competitive and affordable energy. Achieving this goal will require a fundamental transformation of Europe’s energy system. The Energy Union strategy has five mutually-reinforcing and closely interrelated dimensions: energy security, solidarity and trust; a fully integrated European energy market; energy efficiency contributing to moderation of demand; decarbonising the economy, and research, innovation and competitiveness.

2) Road to Paris Communication (lead by Miguel Arias Cañete)

The international community is preparing to conclude a new climate agreement at the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Paris December 2015. The EU – as one of the strongest proponents of ambitious global climate action – has a major interest in ensuring that the agreement will be ambitious, robust, dynamic and capable of responding to evolving economic and geopolitical realities.

The Commission Communication aims to articulate a clear EU vision for the 2015 Climate Agreement and to translate the reduction target of at least 40% agreed at the October 2014 European Council into a formal submission to the UNFCCC by the deadline of end of March 2015.

3) Communication on 10% interconnections (lead by Miguel Arias Cañete)

The European Union needs to bring its electricity interconnection level to10% by 2020 if it wants to create a resilient Energy Union with a forward looking climate policy. An interconnected grid will help delivering the ultimate goal of the Energy Union, i.e. to ensure affordable, secure and sustainable energy within reach, and also growth and jobs across the EU.

European Commission