Workshop Report March 2011 Budva ... - Renanetwork.org

Workshop Report on the EU Climate and Energy package (Focus on Effort Sharing, Renewables and CCS1.3 Climate and Energy PackageIn December 2008, EU leaders and the European Parliament agreed aunilateral commitment to reducing greenhouse gas emissions by 20percent (compared to 1990 emissions) by 2020. The EU has made acommitment to increase this target to 30 percent for the periodbeyond 2012 if there are comparable targets from other developedcountries and adequate action by developing countries.Across the EU, the majority of the 20 percent reduction will be carriedout domestically, and largely down to renewables, energy efficiency andETS targets. This is calculated from various sources, including: theCommission's Climate and Energy Package Impact Assessment, theCommission's RES Impact Assessment and Energy Efficiency Actionplan.The package includes:EU 20-20-20 TARGETS20% cut in greenhouse gas emissions by202020% increase in use of renewable energyby 202020% cut in energy consumption throughimproved energy efficiency by 2020 The EU Emissions Trading System (EU ETS) Directive the EU's main policy mechanism for reducingCO 2 emissions from energy intensive sectors. The Directive will take effect from 2013 and was significantlyrevised for Phase III to include an EU wide cap which will decline each year to 2020 and beyond at a rate of1.74% of the average annual level of the Phase II cap. A Greenhouse Gas Effort Sharing Decision sets targets for reductions in those sectors of member states’economies not covered by the EU ETS – in the most part residential and transport. For the EU, this equates toa reduction in emissions in the non-ETS, equivalent to approximately 10 percent below 2005 levels by 2020. A Renewables Directive sets targets for each member state for the proportion of renewable energygeneration by 2020. The EU has a 20% renewables target by 2020. The Renewables Directive also set everyMember State a target of supplying 10% of transport fuel from renewable sources by 2020. The Directive on geological storage of CO 2 outlines a regulatory framework for the safe capture, transportand storage of carbon dioxide in the EU. Up to 300 million allowances from the new entrants reserve of theEU ETS will be used to support the demonstration of carbon capture and storage (CCS) and innovativerenewable technologies.The climate and energy package creates pressure to improve energy efficiency but does not address it directly.This is being done through the EU’s energy efficiency action plan.2