Energy efficiency: EU industry critical of 2030 multi-target approach - ETS should be the only driver of energy efficiency investment in industry

Today, the European Commission proposed a 30% EU-level energy efficiency target for 2030. Undoubtedly, the Commission is right in pursuing efforts to make Europe even more energy efficient, but BUSINESSEUROPE remains unconvinced by the proposed multi-target approach (GHG reductions, renewable energy and energy efficiency). Lessons learnt from the 20/20/20 package have shown it is a suboptimal option. BUSINESSEUROPE has repeatedly advocated for a single greenhouse gas emissions target post-2020 as the less distortive and most cost-effective manner to reduce emissions and drive investment in energy efficiency.