Climate Action

Melina BonevaUnit Strategy and Economic

AssessmentDG CLIMA

Climate Action

Climate and energy: where do we stand?

Climate Action

On-going consultations among EU institutions, Member States and stakeholders

2020 package

2050 roadmap

2030 Stakeholderconsultation

2030 frameworkproposal

European Council

Conclusions

Implementinglegislation

2008 2011 2013Mar -Jul

2014Jan

2014Oct

Preparation and decision-making process

Climate Action

Agreed headline targets by the European Council2030 Climate and Energy Framework

2020

2030

New governance system + indicators

-20 % Greenhouse

Gas Emissions

20% Renewable

Energy

20 % Energy

Efficiency

- 40 % Greenhouse Gas

Emissions

27 % Renewable

Energy

27% Energy

Efficiency

15 % Interconnection

10 % Interconnection

Climate Action

Emission reductions in ETS and non-ETS

Climate Action

The European carbon market after 2020Well-functioning reformed EU ETS as the main instrument

Cap to decline with 2.2 % from 2021 onwards

Free allocation to prevent carbon leakage continued

Redistribution: 90 % among all 28 Member States / 10 % among lower income Member States

Innovation fund created ("NER400")

Modernization fund set up

Climate Action

Guidance for determining non-ETS targets

Member State targets between 0% and -40%

Maintain current methodology, update GDP data

Member States with GDP/capita above EU average: targets adjusted with cost effectiveness

Enhanced flexibility to ensure cost efficiency, incl. new flexibility subject to several constraints

Possibility to convert limited number of allowances for auctioning in EU ETS into non-ETS emission budgets

Climate Action

ec.europa.eu/energy/2030ec.europa.eu/clima/policies/2030