''The time of cheap energy is over. In addition there are increasing concerns over the ability to match global supply and demand. The world is entering into a new energy era which requires a global response.''– Günther Oettinger European Commissioner for Energy
Increasing demand for energy, volatile prices, disruptions to supply and a desire to minimise environmental impact all make a clear EU strategy on energy essential. The result is a policy with three axes: ensuring security of supply, competitiveness and sustainability.
The policy is built upon what is known as the ‘20-20-20’ targets, to be met by 2020:
- Reducing EU greenhouse gas emissions to at least 20% below 1990 levels
- Ensuring 20% of energy consumed within the EU comes from renewable sources
- Reducing primary energy use by 20% in comparison with projected levels – to be achieved through energy efficiency.
EU leaders have also offered to increase the EU’s emission reductions still further – to 30% - if other major emitters in both developed and developing countries commit to doing their fair share.
The 20-20-20 strategy is complemented by the ‘Roadmap 2050’. The document presents different scenarios, laying out the various paths that could be taken to meet the goals. The Roadmap falls under the EU’s long-term strategy for reducing greenhouse gas emissions to 80-95% below 1990 levels by 2050, while at the same time securing supply and maintaining competitiveness.
More information can be found here (link to the Key EU policies – Energy page).
EU-India Cooperation in the Field of Energy
A project on Renewable Energy and Clean Technologies of an amount of EUR 28.6 million will be launched in 2013 in collaboration with the Ministry of New and Renewable Energy and the Ministry of Environment and Forests.
The Government of India is seeking through this project exposure to European best practice experiences on green energy sources, energy efficiency and access to clean technologies. Helping India to increase its usage of clean technologies and green energy will have a significant impact in the long-term in mitigating its contribution to global greenhouse gases, along with enhancing its national energy security. In addition, the widespread deployment of an eco-friendly economy would also create significant employment potential for skilled and semi-skilled workers.
The project will focus on three sets of activities:
- Support to policy development and implementation through capacity building and best practice exchange
- Support to the expansion of New Renewable Energy Sources
- Support for the promotion of energy efficiency and adoption of clean technologies
The expected results are:
- Enhanced capacity of Indian authorities to create an enabling environment promoting renewable energy and energy efficiency
- Increased penetration of renewable energies and improved use of clean technologies and energy efficiency
- Enhanced human capacity and new employment opportunities through the transfer of the required skills and technical know-how for the use and development of clean technology in the local context
- Increased awareness among public and private actors and the public at large on environmentally friendly development activities.