The European approach to implement a common policy on climate change and energy started actively in 2006. From then on, the Commission and the Parliament has adopted a series of measures to establish solid cost-effective low carbon technologies.
The Green Paper set a common, coherent European Energy Policy and laid the foundations for secure, competitive and sustainable energy.
In 2007 the European Commission proposed a package of measures to achieve a series of ambitious targets on greenhouse gas emissions and renewable energy. In addition, those measures proposed to create a true internal market for energy and to strengthen effective regulation.
The Strategic Energy Technology Plan (SET Plan), is a strategic plan to accelerate the development of cost-effective low carbon technologies.
The plan contains proposals for specific targets on:
Renewable energy (20% by 2020)
Biofuels (10% in transport by 2020)
Greenhouse gas emissions reduction (20% by 2020)
The plan aims to reach a 80% cut in greenhouse gas emissions by 2050 compared to 1990 levels.
On January 2008, the European Commission presented a package of proposals demonstrating that the EU’s climate change targets, which were agreed by EU leaders in 2007, are not only attainable but represent a major economic opportunity for Europe. The document set up a solid strategy by which Member States will be able to reach the target established by the SET Plan.
To follow-up the actions taken in 2007, the Commission launched the Second Strategic Energy Review which focuses on Energy Security and on a Solidarity Action Plan.
The Review also takes the first steps towards identifying the challenges facing the energy area for the period 2020-2050 and the initiatives necessary in this context.
The Energy Security and Solidarity Action Plan focuse in particular on five areas:
Infrastructure needs and the diversification of energy supplies
External energy relations
Oil and gas stocks and crisis response mechanisms
Making the best use of the EU's indigenous energy resources.