The SPICE3 energy efficiency project aims to develop a platform to enable energy efficiency improvements across the European chemical industry, particularly SMEs. SPICE3 is a Cefic initiative and is running in cooperation with a number of national chemical federations and other partners. It has also been selected for funding by the European Commission.
Europe aims to reduce its primary energy use by 20% by 2020, a target which is not legally binding. To achieve the EU's stated goal, an Energy Efficiency Directive (EED) was proposed by the European Commission in mid-2011 and entered into force on 4 December 2012. Most of its provisions will have to be implemented by the Member States by 5 June 2014. The directive aims to achieve the Union’s 2020 20 % headline target on energy efficiency, and should help remove barriers and overcome market failures impeding efficiency in the supply and use of energy. It provides for the establishment of indicative national energy efficiency targets for 2020 and includes an obligation on energy companies to reduce their energy deliveries to customers by 1.5% each year. The progress towards the 2020 target will again be evaluated by the Commission in June 2014.
In January 2014, the European Commission adopted the 2030 Energy Efficiency Policy Framework, which includes a binding target of 40% cut in greenhouse gas emissions by 2030 (compared to 1990 levels) and an EU-wide binding target to achieve at least a 27% share of renewable energy consumption by 2030.