Conclusions of the European Council (23 and 24 October 2014)

EU News 429/2014

European Council
Brussels, 24 October 2014
EUCO 169/14
CO EUR 13
CONCL 5

2030 CLIMATE AND ENERGY POLICY FRAMEWORK

1. Substantial progress has been made towards the attainment of the EU targets for greenhouse gas emission reduction, renewable energy and energy efficiency, which need to be fully met by 2020. On the basis of the principles identified in the March 2014 European Council conclusions, the European Council agreed today on the 2030 climate and energy policy framework for the European Union. Accordingly, the EU will submit its contribution, at the latest by the first quarter of 2015, in line with the timeline agreed by the UNFCCC in Warsaw for the conclusion of a global climate agreement. The European Council calls on all countries to come forward with ambitious targets and policies well in advance of the Conference of the Parties 21 in Paris. It will revert to this issue after the Paris Conference. The European Council will keep all the elements of the framework under review and will continue to give strategic orientations as appropriate, notably with respect to consensus on ETS, non-ETS, interconnections and energy efficiency. The Commission will continue to have a regular dialogue with stakeholders.

GHG emissions reduction target

2. The European Council endorsed a binding EU target of an at least 40% domestic reduction in greenhouse gas emissions by 2030 compared to 1990. To that end:
2.1 the target will be delivered collectively by the EU in the most cost-effective manner possible, with the reductions in the ETS and non-ETS sectors amounting to 43% and 30% by 2030 compared to 2005, respectively;
2.2 all Member States will participate in this effort, balancing considerations of fairness and solidarity;

Source and additional information:
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/145397.pdf

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