COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE, THE COMMITTEE OF THE REGIONS AND THE EUROPEAN INVESTMENT BANK - COM(2016) 860 final
This Commission Communication, released on 30 November 2016, presents a package of measures to keep the European Union competitive as the clean energy transition is changing global energy markets.
This package presents an opportunity to speed both the clean energy transition and growth, and the job creation. By mobilising up to an additional 177 billion euro of public and private investment per year from 2021, this package can generate up to 1% increase in GDP over the next decade and create 900.000 new jobs. It will also mean that, on the average, the carbon intensity of the EU's economy will be 43% lower in 2030 than now, with renewable electricity representing about half of the EU's electricity generation mix.
The package pursues three main goals:
- Putting energy efficiency first
- Achieving global leadership in renewable energies
- Providing a fair deal for consumers
The facilitating actions include initiatives to accelerate clean energy innovation and to renovate Europe's buildings as well as measures to:
- encourage public and private investment and make the most of the available EU budget;
- promote industry-led initiatives to foster competitiveness;
- mitigate the societal impact of the clean energy transition;
- involve multiple players including on the one hand Member States authorities, local and city authorities and on the other hand businesses, social partners and investors;
- maximise Europe's leadership in clean energy technology and services to help third countries achieve their policy goals.
The Communication concludes that all the Energy Union related legislative proposals presented by the Commission in 2015 and 2016 need to be addressed as a priority by the Parliament and Council. This has also been underlined by the European Council in March 2016 and supported by the European Parliament. Progress will be reviewed at the 2017 Spring European Council. The European Parliament and the Council should maintain the overall coherence of this package and the Commission's earlier proposals on e.g. the emissions trading system, effort sharing, land use and low-emission mobility.
For further information or to download the Communication, please visit the relevant European Commission webpages at the links below.