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European Union Launches Latest “Energy Union” Strategy

The European Commission has released a new set of proposals set to pave the way for the region’s “Energy Union.”

The European Commission revealed a series of proposals on Wednesday that it hopes will “deliver a new deal for energy consumers … launch a redesign of the European electricity market … update energy efficiency labelling … and … revise the EU Emissions Trading System.” Furthermore, the proposals are intended to further implement the “Energy Union” strategy “with a forward looking climate change policy,” all intended to “ensure that Europe has a secure, affordable, and climate-friendly energy” system.

“In the Energy Union strategy, we committed to empowering European consumers, creating a single well-functioning energy market, putting energy efficiency first and becoming the number one in renewables,” said EU Commission Vice-President for Energy Union Maroš Šefčovič. “Today, five months after the adoption of the Energy Union strategy, this Summer Package shows our determination to decarbonise our economy and to give consumers a central role in Europe’s energy transition. It marks not only a new deal for consumers, but a new deal for Europe´s entire energy system.”

The idea for a European Energy Union has long been in the minds of European policy makers, with the desire to create a fully functional international energy market across the 28 member states of the European Union. We covered a position paper published by the European Wind Energy Association in late December of 2014, summarized the idea of an Energy Union as being “a fully functioning internal energy market delivering power and heating at favourable prices to citizens and private businesses across the continent.”

“Actions speak louder than words,” EU Commissioner for Climate Action and Energy Miguel Arias Cañete said.

“Today we take a decisive step towards enshrining the EU’s target of at least 40% emissions cut by 2030 into law. My message to our global partners ahead of the Paris climate conference: the EU stands by its international commitments. And my message to investors, businesses and industry: invest in clean energy; it’s here to stay and continue to grow. With these proposals, Europe is once again showing the way and leading the global transition to a low-carbon society.”

 
 
 
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