According to the new European Commission Work Programme, the Energy Union is one of the 23 new initiatives, which the EU executive commits to adopting in 2015. On 25 February 2015 the Commission adopted the Strategic Framework for the Energy Union. Our Special Briefing will provide you with an overview of the latest developments in the area of EU energy policy.

I. October 2014 European Council

EU leaders have agreed new climate and energy targets for 2030:

• A binding EU target of at least 40% domestic reduction in greenhouse gas emissions by 2030 compared to 1990 levels;
• An EU-wide binding target for renewable energy of at least 27%;
• An indicative energy efficiency target of at least 27%.

II. European Commission 2015 Work Programme

• In Annex I the Commission proposes, among others, new initiatives in the area of Energy policy:

·         The Investment Plan for Europe

·         Strategic Framework for the Energy Union

• Annex II – the Commission has confirmed the withdrawal of the pending EU laws on waste and recycling, known as the Circular Economy package (it will table more ambitious and comprehensive proposals)

• Annex III – the Commission will review, among others, the existing legislation on energy labelling and eco-labelling of electrical appliances.

The most relevant priorities in the areas of EU energy and climate policy which the Latvian Presidency will pursue are:

• Work on a better integrated energy infrastructure grid and improved governance, as well as exploiting regional governance

• Increase use of renewables and implement energy efficiency

• Improve Energy Labeling Directing and the Eco-Design regulations

• Support initiatives strengthening radiation protection and nuclear safety at the international level

Energy topped the agenda of the European Council meeting. EU leaders adopted conclusions on:

• The Energy Union strategy, aiming at security of energy supply rather than at an energy transition;

• The Vice-President Šefčovič’s proposal for more transparency on international energy agreements, pointing out that only gas contracts should be covered;

• Developing innovative strategies for a new generation of renewable energies and increase energy efficiency;

• Extending the sanctions against Russia until the end of 2015.

For further information please read our Special Briefing or contact CEOC International at info@ceoc.com.