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) 763 final
Accelerating the transition to a low-carbon competitive economy is both an urgent necessity and a tremendous opportunity for Europe. It is a central challenge of our time. Failure may put our welfare at stake. Success would open unprecedented economic opportunities and new avenues to prosperity, welfare and growth.
The European Union is well placed to lead this transition, which received new momentum and direction from the Paris Agreement. Europe has spearheaded global efforts to fight climate change, has been a driving force in developing renewables, and leads the world in energy-efficiency solutions for industry, transport, buildings. Europe's businesses have built a comparative advantage in many world markets – where competition from global competitors is growing – and European scientists and innovators are pushing the frontiers of knowledge.
Based on these strong foundations, the Commission is presenting a package of legislative measures to lay out a clear framework for action, based on three overarching goals:
- Energy efficiency first
- Europe as the global leader in renewables
- A fair deal to consumers
Europe needs to step up its investment in energy efficiency and renewable technologies, and the development of clean energy business models, embracing the new opportunities and consumer empowerment brought about by digitisation.
The policy measures set out in this document constitute the core of the research and innovation pillar of the Energy Union. They form an integral part of the broader package of "facilitating measures" needed to boost the clean energy transitions, which are outlined in the "Clean Energy for All Europeans" Communication. The Commission will strive to implement these measures during the remainder of its mandate and will report on progress made in the framework of the annual State of the Energy Union.
You can download the document at the relevant Eur-lex webpage at the link below.