European Commission has launched work on the Energy Union; a fundamental step towards the completion of single energy market and reforming how Europe produces, transports and consumes energy.
The Energy Union with a Forward-looking Climate Change Policy is one of the key political priorities of the Juncker Commission. After more than 60 years from the founding of the Coal and Steel Community, the Commission has drew a plan for reorganising European energy policies and kicked off work for European Energy Union.
The European Union imports 55% of its energy, 90% of the housing stock in Europe is energy inefficient, its energy infrastructure is ageing and the internal energy market is far from complete.
The energy security is high on the political agenda, and a door for an ambitious climate agreement in Paris at the end of 2015 was opened in the European Council last October. The recently adopted Investment Plan for Europe is designed to unlock the financial means the energy sector really needs.
The currently low oil prices are also giving an extra incentive and give more political and financial room to do what is necessary to achieve a more competitive, secure and sustainable European energy policy.
The Vice-President for the Energy Union, Maroš Šefčovič said: “Our current energy policies are unsustainable in every sense and in urgent need of reorganisation. Citizens should be at the core of our energy policy. While we have a very ambitious agenda, the momentum is here and now. We will work to ensure a coherent approach to energy across different policy areas, to create more predictability. Climate, transport, industry, research, external policy, the digital economy and agriculture will be all crucial to the project. The Energy Union aims to break the silo culture where it still exists and bring all relevant players to the same table – in short, the Energy Union will set the scene for a new way of making energy policy in Europe.”
The Commissioner for Climate Action and Energy, Miguel Arias Cañete added: “The Energy Union will be an ambitious project that will set a new direction and a clear long term vision for European energy and climate policy. It will not simply be a repackaging of old ideas, and will contain concrete measures to make sure the vision becomes a reality. As Commissioner for Climate Action and Energy, I will be responsible for delivering many of the measures outlined in the strategy. Effective implementation will be crucial, as will full and proper enforcement of existing legislation.”
The Energy Union framework strategy is scheduled for adoption on 25 February. This strategic policy document will be accompanied by the “Road to Paris” Communication spelling out the EU’s intended climate contribution as well as a Communication reporting on EU’s progress towards the minimum electricity interconnection target of 10%.
Source: European Commission