Commodity Market Report
Europe energy policy
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Report summary
EU policy measures will be the biggest driver of changes in energy use across Europe as the bloc tackles declining gas production, increasing reliance on imports and commits to a decarbonised economy. Consequently, the now 27-Member States are obliged to meet corresponding goals to develop 'a more secure, sustainable and affordable' energy mix. The Green Deal now lies at the heart of EU energy policy, climate law enshrines the net zero target and the fit for 55 package proposes interim 2030 goals. This roadmap for delivering growth and a just transition to a sustainable economy includes targets around emissions reduction, renewables, energy efficiency, decarbonisation of transport and industry, protecting natural capital and revolutionising food production and agricultural practice. However, apart from binding emissions targets the package of proposals are just that: proposals. These will take significant time to negotiate with national governments and the EU.
Table of contents
- Climate ambition is established and targets are within reach, but risks remain
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