An EU Commission policy initiative giving long term perspectives for a 2030 energy and climate policy framework will be published in March 2013.
The EU has agreed that renewable energies are to make up 20% of EU energy consumption by 2020. To achieve this target, the Commission has made a proposal for a Directive promoting energy from renewable sources.
The European chemical industry is one of the most energy-intensive industrial sectors and competes in global markets. The expected rise in energy prices in Europe due to the cost of support for renewable energy would disadvantage the EU chemical industry compared with global competitors.