This webinar, organised in partnership with the UN Environment Finance Initiative, will discuss in particular the financing of investment into energy efficiency in the industry sector.
Today’s decision means that means that the EU has now adopted four of the eight legislative acts which make up the Clean Energy for All Europeans package, published by the European Commission on 30 November 2016. This package is a key element in one of the Juncker Commission’s priorities – “a resilient Energy Union and a forward-looking climate change policy”,aimed at giving Europeans access to secure, affordable and climate-friendly energy and making the European Union world leader in renewable energy.
By 2030, the EU will have to get 32% of its energy from renewable sources and reach an energy efficiency headline target of 32.5%. The new targets are set out in a revised directive on energy efficiency and a revised directive on renewable energy which were adopted today by the Council. The Council also signed off on the so-called governance regulation, which sets out the framework for the governance of the Energy Union and climate action. This completes the final stage in the legislative procedure for the three files, which are part of the Clean Energy package.
Today’s 16th Ministerial Council took key decisions for the future of the Energy Community under the chairmanship of H.E. Kreshnik Bekteshi, Minister of Economy of former Yugoslav Republic of Macedonia. Opening host speeches by Prime Minister H.E. Zoran Zaev and Deputy Prime Minister H.E. Koco Angjushev underlined that energy has no boundaries and regional cooperation is of greatest importance. As a boost for regional energy market integration, the Council adopted twenty-one infrastructure projects of regional significance, which will also enhance security of energy supply, increase energy efficiency and the uptake of energy from renewable sources. The ministers also agreed to re-open negotiations on amendments to the Treaty establishing the Energy Community which, once adopted, will help enhance market integration between Energy Contracting Parties and EU Member States.