The EU recognises the importance of energy savings and has set a policy target of achieving 20% energy savings by 2020, as compared to business as usual energy use. However, recent evidence suggests that the energy savings target will be missed by a wide margin.
The study looks at energy saving potentials. It estimates the extent to which current energy savings policies capture this potential and the policy gap that remains against achieving the EU’s 20% indicative target by 2020. It lastly explores the feasibility of different design options of binding energy saving targets with a focus on their impact on the functioning of existing EU policies.
This report forms part of the European Climate Foundation’s Roadmap 2050 series, and the role of the report is to assess and make recommendations on the required energy saving policies to achieve the broader goal of achieving 80% GHG reductions by 2050.