Page 7 - European Energy Innovation - Summer 2016 publication
P. 7

Summer 2016 European Energy Innovation  7

                                           BUILDING THE ENERGY UNION

priorities for President Juncker is        anymore, it requires us to develop a         In a nutshell, the Energy Union that we
for the EU to be the number one in         more integrated approach, based on           are currently building is laying down
renewables. Already today, Europe is       the principles of solidarity and cross-      the foundation of an integrated and
one of the most energy and carbon-         border cooperation.                          innovative energy market that will allow
efficient economies in the world. More                                                  the EU to become world number one
than 50% of our European electricity is    But if we want this fundamental energy       in renewables and increase energy
CO2-free.                                  transition to be successful, it also has to  security. These are precisely the
                                           be socially fair and consumer oriented.      topics we are going to discuss during
Moreover, technological developments       The Energy Union is powered by               the European Sustainable Energy
are transforming the energy sector. We     people as it proposes a “new deal” by        Week (EUSEW) from 13 to 17 June in
are transitioning from an energy sector    offering more choice, better services        Brussels, the most important European
characterised by long investment cycles    and more control over the way we use,        conference dedicated to sustainable
for large power plants to increasing       and possibly produce, energy.                energy policy issues. I am looking
shares of renewable energies and more                                                   forward to this year’s edition and to
distributed generation patterns – in       Important next steps will be taken           further build the Energy Union all
smart grids, smart homes – putting         after this summer, as the European           together! l
the energy consumers at the centre         Commission will adopt a package of
of the stage. 78% of new installed         measures in the energy efficiency field
capacity in the past six years took place  to ensure that we meet our 2030 target
in the renewables’ sector. Research,       in a cost-efficient way. It will contribute
innovation and investments are more        to the decarbonisation of our economy,
than crucial in that context and we        enhancing our energy security,
continue to build bridges between          providing Member States and investors
project promoters and investors.           with more predictability and certainty,
                                           and also boosting economic growth
The European Fund for Strategic            and jobs. It will consist of the revisions
Investments (EFSI) was the first           of the Energy Efficiency Directive and
initiative launched by President           the Energy Performance of Buildings
Juncker which identified energy            Directive, accompanied by a Smart
as one of the top priorities where         Financing for Smart Buildings Initiative.
investments are needed. This is
particularly the case when it comes        For consumers – both households
to building interconnections and           and industries –, the Commission will
infrastructure, energy efficiency and      publish this year a new energy prices
renewable energies. Today, the first       and costs report. This will increase their
implementations of EFSI are already        transparency by providing an overview
largely oriented towards energy            on different price levels in Member
efficiency projects!                       States and their influence on European
To fully support the energy transition,
secure our energy and keep costs           Moreover, later this year the
in check, we cannot continue with          Commission will put forward proposals
fragmented solutions. We will              on an ambitious package on renewable
move away from a purely national           energy and a new electricity market
approach to a true internal market         design to boost cross-border trade,
perspective that leverages regional        help embed renewables at the heart
cooperation and Union-wide strengths.      of our system and increase security of
Today, security of supply cannot be        supply. The package will also include a
considered as a solely national issue      Bioenergy Sustainability Policy.
   2   3   4   5   6   7   8   9   10   11   12