EU Calls for Binding Energy
European Union nations would
have to set themselves binding national
energy efficiency targets, and save
energy by specific means such as renovating public buildings, under a draft EU
directive approved Feb. 28 by the Energy
Committee. This directive would not
only save energy but also reduce carbon
dioxide emissions – and hence demand
for emission allowances under the EU’s
emissions trading scheme.
The EU has set itself the task of
achieving 20 percent primary energy
savings in 2020 (currently a nonbinding
target), but the European Commission
estimates that if no measures are taken,
the EU will only achieve half of that
by 2020. The European Parliament
called for a binding target in a resolu-
tion passed in December 2010. Energy
Committee members have now called
for binding national targets – not includ-
ed in the Commission’s initial proposal –
to be based on specific reference values
for each EU country. Achieving these
targets will contribute to the EU’s overall
20 percent energy savings target.
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