E3G

The EU Strategic Energy Review

By Jennifer Morgan

5. An ambitious 2020 Greenhouse Gas Emissions Reduction Target for Europe of at least 30% below 1990 levels
The package of measures outlined above will create the space for Europe to adopt a 2020 target that is ambitious and achievable. This decision will assist in moving the international climate negotiations and should sit at the core of the March Council.

6. Funding climate and energy security through the EU budget
To indicate European political commitment, the Strategic Energy Review should signal that energy and climate security will be a priority theme of the EU budget review in 2008-9.

These six steps would generate the basis for Europe to effectively engage third parties in generating the political will to cooperate on the broad goals of achieving energy and climate security, and on specific areas of collaboration to shift global investment flows and technology development towards a low carbon economy.