In July 2014, the Commission put forward a proposal for an indicative 30% energy savings target for 2030. In October 2014, the European Council agreed on an indicative energy efficiency target of at least 27%, which will be reviewed by 2020 “having in mind an EU level of 30%”.
With the global agreement to pursue efforts to limit temperature rise to 1.5°C reached in Paris last year, the European Commission needs to recalibrate the EU climate and energy targets for 2030. The review of the Energy Efficiency Directive (EED) due this year is an ideal opportunity to change the weak, indicative target of saving at least 27% of energy by 2030 into a binding 40% one.
Such a target will help Europe tap into its significant energy savings potential and will lead to numerous benefits for Europe’s economies, businesses and citizens.