2030 framework for climate and energy policies (strategic document)
In addition, the EU ETS is to be reformed and strengthened. To achieve the 2030 binding 40% reduction target, the sectors covered by the EU ETS would have to reduce their emissions by 43% compared to 2005. In parallel, emissions from non-EU ETS sectors would need to be cut by 30% below the 2005 level, through national measures. To address the surplus of emission allowances in the EU ETS and to improve the system's resilience, a market stability reserve is to be established and the annual factor to reduce the cap on the maximum permitted emissions is to be changed from the current 1.74% to 2.2% from 2021. The volume of free allowances is to be reduced progressively; Member States with a GDP per capita below 60% of the EU average may opt to continue to give free allowances to the energy sector up to 2030, but the maximum amount handed out for free after 2020 should be no more than 40% of the allowances allocated to eligible Member States.
The 2030 Framework stresses the importance of a fully functioning and connected EU energy market, as foreseen in the European Energy Security Strategy (2014). The Commission is to be supported by Member States to take measures to ensure achievement of a minimum target of 10% of electricity interconnections no later than 2020.
The 2030 framework also launches the preparation of the Energy Union aiming at affordable, secure and sustainable energy, by 'pooling resources, connecting networks and uniting member states' power when negotiating with non EU countries'. Specific legislative proposals are expected in 2015.
At least 40% domestic reduction in greenhouse gas emissions by 2030 compared to 1990 by 2030 against a 1990 baseline
Reductions in the ETS and non-ETS sectors amounting to 43% and 30% by 2030 compared to 2005 by 2030 against a 2005 baseline (collective EU target)
An indicative target at the EU level of at least 27% is set for improving energy efficiency in 2030 compared to projections of future energy consumption based on the current criteria by 2030 against a 2014 baseline
An EU target of at least 27% is set for the share of renewable energy consumed in the EU by 2030