According to the Communication COM/2014/015 sent from the EU commission to the EU parliament in January 2014, it seems that the new targets for 2030 about to be set will be 40% reduction in emissions compared to 1990, 27% Renewable energy proportion and 25% Energy efficiency. These will lead to the ambitious 2050 target for 80 - 95% reduction in gas emission, while the targets for 2020 are 20/20/20.
The entire communication can be found here.
Climate Change: Geological storage of carbon dioxide
European Commission - MEMO/13/1005 20/11/2013
Today the Commission requested Austria, Cyprus, Hungary, Ireland, Sweden and Slovenia to adopt the necessary measures to fully transpose Directive 2009/31/EC on the geological storage of CO2 (so-called "CCS Directive"). To date, these Member States have not notified complete transposing measures. The Commission is therefore today asking these Member States, in a Reasoned Opinion (the second stage in EU infringement proceedings), to comply with EU law.
The CCS Directive was adopted as part of the climate-energy package in 2009. The Directive establishes a legal framework for the environmentally safe geological storage of CO2, removes legal barriers to the geological storage of CO2 and lays down requirements covering the entire lifetime of a storage site. Carbon capture and storage technology, if commercialised, is seen as one of the major contributors to a low carbon transition in the EU.
Security of supply: Commission is referring Cyprus to the Court for failing to transpose the EU rules on minimum oil reserves
European Commission Press release
Brussels, 20 February 2014
The European Commission is referring Cyprus to the Court of Justice of the EU for failing to transpose the Oil Stocks Directive. The Directive requires Member States to maintain minimum stocks of crude oil and petroleum products to ensure security of oil supply in case of possible disruptions. The Directive had to be transposed by the Member States by 31 December 2012.
Günther Oettinger, the EU Energy Commissioner said: "It is essential that European businesses and households have energy available at all times. Given the importance of oil in the EU's energy mix, it is vital to guarantee consumers' access to petroleum products even in case of a supply crisis."
The Commission has addressed the issue of non-transposition by sending a letter of formal notice to Cyprus in January 2013 and a reasoned opinion in June 2013. Despite these infringement proceedings, Cyprus has to date not notified the Commission of any transposition measures.
The Commission is also examining the transposition situation in other Member States which have not informed us about the full transposition of the law. Therefore, today's Commission action might be complemented by further referrals to the Court over the next months.
Oil is the most important fuel in the EU energy mix: it represented 35% of gross inland consumption in 2011. In the case of Cyprus the share of oil in the gross inland consumption was 95%. Furthermore, 85% of the oil consumed in the EU is imported. With decreasing indigenous production this dependency is expected to increase further, exposing the EU to disruptions in the global oil market.
The Oil Stocks Directive requires Member States to maintain stocks of crude oil and/or petroleum products equivalent to at least 90 days of average daily net imports or 61 days of average daily inland consumption, whichever of the two quantities is greater. The directive brings the EU system of oil stocks closer to current international practices and strengthens the EU's capacity to use stocks effectively so as to minimize negative effects on consumers in case of a supply crisis.