THE EUROPEAN UNION’S 2030 CLIMATE ENERGY PACKAGE AND THE COP 21

The 2030 Climate Energy package adopted by the European Council at the Brussels Summit of 23/24 October 2014, sets the European Union’s new climate and energy targets for 2030. These targets include a reduction of greenhouse gas (GHG) emissions by at least 40% by 2030 compared to 1990 levels, at least 27% of renewables as a share of the EU’s final energy consumption by 2030, and an indicative target of 27% for energy efficiency (energy savings) by 2030, based on 2007 projections. These targets are deliberately flexible and ambiguous, allowing for an agreement to be concluded between the 28 Member States which includes significant concessions granted to the Visegrad + countries while preserving the long term objective of a transition towards decarbonized energy systems. (…)