Solidifying the EU’s leadership in the global energy transition

As the European Commission prepares for a new five-year term, this EU Policy Whitepaper, Solidifying the EU’s leadership in the global energy transition, serves as a stocktake of current progress, alongside identifying further opportunities to solidify the European Union (EU)’s climate leadership through implementation across mostly existing policy packages. While the EU has made commendable strides in reducing emissions – notably through renewable energy and efficiency – there is still more to be done, with other key geographies such as China and the United States accelerating deployment still faster, and in some cases more comprehensively, through green industrial policy. 

The note covers:  

A step-back on the state of the energy transition and implications for Europe:

• EU accomplishments within its energy transition to date. 
• Looking forward, the path to further EU progress on emissions reductions by sector. 
• The state of the global transition and how Europe compares. 

Key focus areas and recommendations for the next five-year agenda of the EU Commission: 

• Hold the ground: Avoid reversing previous policies to send clear market signals that will encourage investment and maintain momentum around the energy transition. 
• Complete the picture: Expand policy focus to areas beyond the power sector to ensure emissions reductions is achieved across all sectors. 
• Realise competitive advantage: Align industrial policy with environmental goals to ensure European companies can compete in the global marketplace.
  

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