Europe’s Energy Community adopts new 2030 emissions and consumption targets

20 Dec 2022

The Energy Community Ministerial Council, which regroups Albania, Bosnia and Herzegovina, Georgia, North Macedonia, Kosovo, Moldova, Montenegro, Serbia, and Ukraine (alongside the European Commission), has adopted 2030 targets to reduce primary and final energy consumption, accelerate the development of renewable energy and reduce greenhouse gas (GHG) emissions to achieve climate neutrality by 2050.

The Ministers agreed to national renewables targets that amount to an overall Energy Community target of 31% of energy from renewable sources in gross final energy consumption by 2030. To boost energy efficiency and energy savings, they agreed to cap the amount of primary energy consumption at 129.88 Mtoe and the amount of final energy consumption at 79.06 Mtoe at the level of the Energy Community by 2030. They also agreed to cap the total GHG emissions for the Energy Community at 427.64 MtCO2eq by 2030, which represents a decrease of 60.9% below 1990 levels. The Council also adopted a regulation on monitoring and reporting of greenhouse gas emissions and associated legal acts.

In addition, the Ministers have adopted a new electricity package that will enable full market integration of Energy Community Contracting Parties into the European market that will support the large-scale integration of renewables and coal-phase out. The package will establish an integrated electricity market between the parties and neighbouring EU Member States, including their market coupling.

Register to receive our daily newsletter

Do you want to become an expert on renewable energies auctions?

Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.

With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.