Slovak Spectator: Why we need the Energy Union

The Energy Union is an ambitious project, but done correctly it will set the EU’s energy policy for the foreseeable future and bring long term benefits to both businesses and citizens.

In June 2014 the European Union committed to moving towards an Energy Union in order to provide secure energy for all EU countries, affordable energy for companies and citizens, and make Europe a global leader in renewable energy.  The UK welcomes the Commission’s Communication of 25 February setting out their strategy for the ‘resilient Energy Union with a forward looking Climate Change Policy’. This is an important next step to delivering the EU reform needed to strengthen Europe’s energy security, decarbonise cost-effectively and deepen the internal energy market.

Having a fully functioning internal energy market that delivers secure, competitive and sustainable energy to EU companies and consumers is vital for the economic growth of the EU. It will also help the EU to reach its climate goals, including the 40 percent reduction in the EU’s domestic greenhouse gas emissions by 2030. The EU must continue to demonstrate leadership to help reach a global climate agreement at the UN Climate Change Conference in Paris in December 2015 that delivers fair and ambitious commitments from all countries, keeping the Co2 target in reach.

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