The EC has presented a package of measures to keep the EU competitive. The CE wants the EU to lead the clean energy transition, for this reason it has committed to cut CO2 emissions by at least 40% by 2030 while modernising the EU’s economy and delivering on jobs and growth for all European citizens. Proposals have three main goals: putting energy efficiency first, achieving global leadership in renewable energies and providing a fair deal for consumers.
Consumers are active and central players on the energy markets of the future. Consumers across the EU will in the future have a better choice of supply, access to reliable energy price comparison tools and the possibility to produce and sell their own electricity. Increased transparency and better regulation give more opportunities for civil society to become more involved in the energy system and respond to price signals. The package also contains a number of measures aimed at protecting the most vulnerable consumers.
Commissioner for Climate Action and Energy Miguel Arias Cañete commented: “Our proposals provide a strong market pull for new technologies, set the right conditions for investors, empower consumers, make energy markets work better and help us meet our climate targets. I am particularly proud of the binding 30% energy efficiency target, as it will reduce our dependency on energy imports, create jobs and cut more emissions. Europe is on the brink of a clean energy revolution. With these proposals, the EC has cleared the way towards a more competitive, modern and cleaner energy system. Now we need the European Parliament and our Member States to make it a reality.”
The Commission’s proposals are designed to show that the clean energy transition is the growth sector of the future. Clean energies in 2015 attracted a global investment of over €300bn. The EU is well placed to use its research, development and innovation policies to turn this transition into a concrete industrial opportunity. By mobilising up to €177bn of public and private investment per year from 2021, this package can generate up to a 1% increase in GDP over the next decade and create 900,000 new jobs.
The legislative proposals cover energy efficiency, renewables, the design of the electricity market, security of electricity supply and governance rules for the Energy Union. In addition, the Commission proposes a new way forward for ecodesign as well as a strategy for connected and automated mobility.
The package also includes actions to accelerate clean energy innovation and to renovate Europe’s buildings. It provides measures to encourage public and private investment, promote EU industrial competitiveness and mitigate the societal impact of the clean energy transition.