The 2020 climate and energy package is a set of binding legislation which aims to ensure the European Union meets its ambitious climate and energy targets for 2020. These targets, known as the "20-20-20" targets, set three key objectives for 2020:
• A 20% reduction in EU greenhouse gas emissions from 1990 levels;
• Raising the share of EU energy consumption from renewable resources to 20%
• A 20% improvement in the EU's energy efficiency.
On 23 October 2014 EU leaders agreed on the domestic 2030 greenhouse gas reduction target of at least 40% compared to 1990 together with the other main elements of the 2030 policy framework for climate and energy, as proposed by the European Commission in January 2014. The 2030 policy framework aims to make the EU’s economy and energy system more competitive, secure and sustainable and also sets a target of at least 27% for renewable energy and energy effiency by 2030.
The 2030 framework builds on the experience of, and lessons learnt from the 2020 climate and energy framework. The framework also takes into account the long-term perspectives set out by the Commission in 2011 in the Roadmap for moving to a competitive low carbon economy in 2050, the Energy Roadmap 2050 and the Transport White Paper. These documents reflect the EU's objective of reducing Europe's greenhouse gas emissions by 80-95% compared to 1990 levels as part of efforts by developed countries as a group to reduce their emissions by a similar degree. To prepare for the 2030 framework, a Green Paper adopted by the Commission in March 2013 launched a public consultation on what the framework should contain. The public consultation ran until 2 July 2013. While the EU is making good progress towards meeting its climate and energy targets for 2020, an integrated policy framework for the period up to 2030 is needed to ensure regulatory certainty for investors and a coordinated approach among Member States.