- The EU has proposed several energy rules to meet its climate targets.
- EU plans to reduce EU emissions by 55 per cent by 2030.
- Under new rules, EU countries will cut energy consumption by 9% by 2030.
The European Union’s executive commission has published a proposal that will enable it to cut its energy consumption by 2030 and to reduce greenhouse gas emissions. The Commission has proposed an overhaul of EU renewable energy rules to implement legally binding targets to reduce net EU emissions by 55 per cent by 2030, from 1990 levels, and eliminate them by 2050.
The Commission has set an interim target for the EU to increase renewables energy share to 40 per cent of the total energy mix by 2030. This is up from the previous target of 32 per cent by 2030. The proposal also targets energy savings, setting a goal for EU countries to collectively cut energy consumption by 9 per cent by 2030, compared with the projected energy use under current plans.
As a result, countries will be required to cut energy consumption by 1.5 per cent annually from 2024 to 2030, nearly double the current requirement of 0.8%. The Commission also proposed that countries renovate 3 per cent of publicly owned buildings yearly to transform them into “nearly zero-energy buildings”.