The EU’s Energy Union is on track to delivering a low carbon, secure and competitive economy.
The ‘State of the Energy Union Report’ stated much progress has been made since the creation of the framework nine months ago but more needs to be done.
It highlights Europe’s contribution to the Paris negotiations, with the EU targeting a 40% reduction in emissions by 2030.
The Energy Union strategy continues to deliver on energy efficiency, internal energy market and research, innovation and competitiveness, it added.
The EU Commission stated 2016 is key for the framework to achieve its targets.
Miguel Arias Cañete, Commissioner for Climate Action and Energy, said: “The Energy Union is starting to take shape. A lot of progress has been made in these few months but we should now move to full scale delivery of all actions needed. This will be my focus in 2016: presenting the legislation to make our electricity market work better, to further increase the share of renewables, to bring down our energy consumption and to ensure security of our gas supply.
“With this, the EU’s energy system will be stronger and all conditions will be set for the EU’s transition toward a low carbon energy system. As all eyes turn towards negotiations in Paris, this a renewed pledge for European leadership and our commitment to the international efforts to fight climate change.”