Recast the Energy Efficiency Directive
The ENERGY EFFICIENCY DIRECTIVE (2018/44 / EU), which entered into force in 2018, has
come to it’s end. This directive has been sent for recast by the European Commission.
The “Fit for 55” climate package, made on 14 July 2021, serves as the basis for the reformulation To the Energy Efficiency Directive. The new proposal for the Energy Efficiency Directive has strong links to the issues mentioned below in the Fit for 55 climate package.
The Fit for 55 climate package is based on the European Green Deal. The Green Deal was released 12/11/2019
(A European Green Deal | European Commission (europa.eu)). European Green Deal | European Commission (europa.eu)). The Fit for 55 climate package aims to reduce greenhouse gas emissions by 55% by 2030 from 1990 levels. The main points of the Fit for 55 climate package are as follows:
- The EU Emissions Trading Scheme (ETS), where carbon emissions have a so-called price. This proposal will reduce the number of allowances traded, as a result of which the price of allowances will increase.
EU Emissions Trading Scheme – Energiavirasto
Auctions – Energiavirasto
- Each member state’s revenue from emissions trading should be used for climate and energy-related projects. This would mean an estimated 380 M € / a. So far (28.8.2021) Finland has received income from the auction of emission rights ~ 259 M €.
Source: Auctions – Energiavirasto auctioning of emission allowances_2021-2030.
- A burden-sharing regulation setting targeted emission reduction targets for each Member State, taking into account Member States’ starting points.
- In the land use, agriculture and forestry sector, the goal is to increase the EU’s carbon sink to 310 Mt CO2. The aim is also to plant 3 billion trees in the EU.
- Renewable Energy Directive, which aims to increase the share of renewable energy in energy production to 40% by 2030. Sustainability criteria for the use of bioenergy will be created for the use of biomass from wood. The share of renewable energy sources in Finland in 2020 was 40% of total energy consumption. Wood-based fuels covered 28% of Finland’s total energy consumption, which was the most used energy source in Finland.
Source: Bioenergy – Maa- ja metsätalousministeriö (mmm.fi)
- The Energy Efficiency Directive, which aims to make annual binding reductions in energy consumption. The public sector must renovate 3% of all properties it owns.
- Stronger CO2 standards towards zero-emission traffic. The goal is for emissions from new cars to fall by 55% in 2030 and 100% by 2035. This is also strongly linked to the Alternative Fuels Infrastructure Regulation, which obliges Member States to expand the charging network for electric vehicles. Transport generates 30% of EU emissions (2019). In Finland, transport emissions in 2020 accounted for 22% of all emissions and 30% of emissions in the energy sector.
CO2 emissions from cars: facts and figures (infographics) | News | European Parliament (europa.eu)
Suomen kasvihuonekaasupäästöt 1990-2020 (tilastokeskus.fi)
- Initiatives to reduce emissions from aviation and maritime transport (ReFuelEU Aviation initiative and FuelEU Maritime initiative).
- Revision of the Energy Tax Directive, proposal:
Revision of the Energy Tax Directive | European Commission (europa.eu)
- A new initiative is the coal duty. The carbon duty applies to CO2 emissions from products imported from outside the EU. The idea of a coal duty is that carbon leakage does not escape outside the EU. The carbon duty in question would be added to the products of the emissions trading sectors. More information on coal duties can be found at the following links:
MEPs: Put a carbon price on certain EU imports to raise global climate ambition | News | European Parliament (europa.eu)
Carbon border adjustment mechanism | European Commission (europa.eu)