The European Energy Policy for 2020 and beyond

von Dr. Peter Nagel

● Speech deliverd by Com. Oettinger at the Erasmus Energy Forum on 19 June 2014 ●

Ladies and gentlemen

Europe is changing how it sources, transports and consumes energy.

This transformation is an endeavour that goes far beyond the technicalities of regulatory reform. Clearly, it demands innovations in engineering, science and technology. It has important implications for Europe's industrial, social and economic policies. It presents us with challenges in foreign policy and international negotiation. And an evolving energy system will require behavioural change from all of Europe's energy consumers - homes, businesses and industries.

It affects all of us.

In this context, Fora that bring together businesses, academia and policymakers are hugely important, and very welcome. It therefore really is a great pleasure to be here to open the 2014 Erasmus Forum.

By 2020, the EU has committed to reduce its GHG emissions by 20% compared to 1990, to source 20% of its energy from renewables, and to lower energy consumption by 20%. We are on track today to meeting our commitments on Emissions and renewables, and will publish a review of our progress on energy efficiency before the Summer break.

But this is just the start – the beginning of the transformation. Today I want to turn to the three broad challenges for the EU's energy systems, and some of our responses to them.

Ukraine and security of supply

To many of you, the first thing that may come to mind is the Ukraine gas crisis, and the dependence of much of the EU on Russian gas imports. Indeed - energy security is our most immediate challenge ...

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