40% reduction in Greenhouse gas emissions by 2030 in comparison with 1990!
A reduction in greenhouse gas (GHG) emissions by 40% below the 1990 level, an EU-wide binding target for renewable energy of at least 27%, renewed ambitions for energy efficiency policies, a new governance system and a set of new indicators to ensure a competitive and secure energy system. These are the pillars of the new EU framework on climate and energy for 2030 presented today by the European Commission.
It also helps to reduce cost within the EU union on energy costs!
In the EU we spend 1 billion euros each day on the import of fossil fuels!