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Brendan Devlin Adviser, Markets and Infrastructure Directorate B, DG ENER European Commission. Climate and energy: where do we stand?. 2008/2009. 2011. 2014. The EU climate and energy package. Climate and energy: where do we stand?. Reduce Greenhouse Gas Emissions levels by 20% .
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Brendan Devlin Adviser, Markets and Infrastructure Directorate B, DG ENER European Commission
Climate and energy: where do we stand? 2008/2009 2011 2014 The EU climate and energy package
Climate and energy: where do we stand? Reduce Greenhouse Gas Emissions levels by 20% Increase share of Renewables to 20% Reduce energy consumption by 20% Reductions in 2012: -18% Share in 2011: 12.7% 2020 Projection 2020 Targets 2020 Projection 2020 Projection
Climate and energy: where do we stand? Renewable energy saw rapid cost decreases Technologies are gradually becoming competitive Impact of the financialcrisis Fall in privateinvestment, tightfinancing conditions Fukushima Some countries phase out nuclear power production Shale gas US oil and gas production Risingdemand -> risingprices By 2030, world economy set to double and energydemand to rise by 1/3 Unconventional gas Unconventional oil Conventional gas Conventional oil
2030 climate and energy Framework 20% RES 20 % GHG 20 % EE 2020 40 % GHG ≥ 27 % RES ..2014 New Key Indicators 2030 New governancesystem
2030 Framework: Key indicators Diversification imports, shareof indigenous energy Smart grids & connectionsbetween Member States Intra-EU couplingenergy markets Competition and market concentration Technological innovation Energy price differentials
2030 Framework: New Governance System National plans for competitive, secure and sustainable energy • Include domestic objectives on: • non-ETS GHG emissions • renewable energy • energy savings • energy security • ….
…and benefits Decoupling of Gross Domestic Product growth from Greenhouse Gas Emissions will continue Reductions vs 2005: ETS -43% Non ETS -30% • Fuel savings: additional € 18 billion fuel per year next 2 decades • Energy security: additional 11% cut in energy imports in 2030 • Innovation:jobs & growth • Health and air pollution benefits: €7-13.5 billion in 2030
Next steps At European level March 2014: European Council February2014: EuropeanParliament Energy Efficiency Directive: 2014 Review and proposals Emissions Trading System proposal: co-decision procedure Development/implementation of new governance structure Competitiveness and energy security indicators And at international level 2014: Ban Ki-moon Climate Summit of World leaders 2015: contributions from Parties; Paris conference adopts international agreement
ec.europa.eu/energy/2030 LZ/A1
Also in the "Package" A legislative proposal to establish a market stability reserve for the EU Emissions Trading Scheme (EU ETS)Recommendation, accompanied by a Communication, on the environmental aspects on unconventional fossil fuels A Report, accompanied by a Communication, on energy prices and costs in EuropeCommunication for a Europeanindustrial renaissance