‘Energy is too important to be left on the EU policy sidelines’

Ed Davey, UK Energy Minister
Ed Davey, UK Energy Minister

UK Energy Minister Ed Davey has launched a new publication – ‘Going for Green Growth’ – on the government’s analysis of the EU’s Green Paper for a framework for climate and energy policies.

The Green Growth Group is an informal grouping of like-minded energy, climate and environment Ministers from 13 EU Member States: UK, Germany, France, Italy, Spain, Netherlands, Belgium, Portugal, Sweden, Denmark, Finland, Slovenia and Estonia.

The Group is working together with a view to exploring, promoting and pursuing a cost-effective and growth-enhancing ambitious EU low carbon agenda. As part of their work, the Group has published this Joint Pamphlet entitled ‘Going for Green Growth’ which sets out the case for why the EU needs to take ambitious and immediate low carbon action. The Pamphlet concludes with a call for three priority EU actions:

1. Agree an ambitious EU 2030 Energy and Climate Policy Framework;

 2. Reform the Structure of the EU’s Emissions Trading System;

3. Ensure the EU is in a position to put an ambitious emissions reduction offer on the table at the Ban Ki-Moon-hosted World Leaders’ Climate Summit in autumn 2014.

This document is intended to provide a useful contribution to the policy debate on the EU 2030 framework for climate and energy policies, reform of the EU ETS and EU leadership in the UNFCCC.

UK Energy and Climate Change Secretary Davey, who has been instrumental in establishing the Ministerial Green Growth Group said:  “Businesses and investors are telling us that the EU needs to get its act together and that we need to urgently agree a 2030 Climate and Energy Framework and reform the EU ETS. Only then will investors have the confidence to put the billions into low carbon that we need.

The consequences of inaction are clear. The stakes are high, if we do not act, we could all lose out in the low carbon race.”

Samuel Leupold, Chief Executive DONG Energy Wind Power, commented: “DONG Energy is among the leaders in transforming from black to green energy. We plan to invest up to £2 billion each year in offshore wind power towards 2020 and significantly reduce costs to make offshore wind competitive with conventional energy technologies.

“The current EU energy policy framework has been the foundation for industrialising and maturing offshore wind until now. To continue this journey, it will be essential that European policy makers take a long term perspective and make the critical decisions for a robust policy framework towards 2030.”

Laurence Tubiana, Director of Institute for Sustainable Development and International Relations (IDDRI), the influential Paris-based Research Institute, said: “Energy is too important for the future of Europe to be left on the side lines. We need to exit the crisis in the right direction. A strong 2030 energy and climate package is a pillar of European reform. And it is crucial to negotiating a successful outcome internationally in 2015.”

The UK analysis takes as a starting point the February 2011 European Council, where the Council reiterated its commitment to limit global warming to below 2°C. Academics have identified a range of different approaches to allocating the mitigation effort between countries to meet a below 2°C goal.

The UK analysis models different global effort sharing approaches and explains what level of reductions this suggests the EU must make in 2030noting that these do not necessarily represent the UK or EU’s preferred approach.

Davey added: “This document is intended to provide a contribution to the policy debate on the EU 2030 framework for climate and energy policies. We look forward to other contributions from other stakeholders.”

Analysis of EU 2030 greenhouse gas emission reduction target options

 

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