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South-North Corridor GRIP 2017 |

51

4.1 The EU Energy Strategy

The European Energy Strategy is based on the pursuit of the following three main

objectives:

\\

Security of supply

\\

Competitiveness

\\

Sustainability

These objectives have been modeled on the fundamental challenges Europe has to

cope with, specifically:

\\

Dependence on external energy sources:

imports cover more than half of the

overall energy consumption, with an expected upward trend which could

increase the vulnerability to supply disruptions.

\\

Increasing energy costs

for households and industry, linked to a rising global

demand and to the necessity of restructuring the energy market.

\\

Global warming

and the need to decarbonise the European economy without

affecting its competitiveness on the international markets.

A series of policy tools and related actions have been designed in order to reach the

European primary energy goals. The most significant developments are expected to

be driven by the following key policy areas:

\\

The creation of a

European Energy Union

, in order to ensure secure, affordable

and climate-friendly energy supplies, able to freely flow across national borders

within Europe.

\\

The definition of a

European Energy Security Strategy

which presents short-

and long-term measures to ensure the security of supply of the Member States,

including the support to the internal energy production.

\\

The establishment of the

Internal Energy Market

as a resilient, integrated and

competitive energy market across the EU, supported by adequate infrastructural

enhancements and regulatory arrangements.

\\

The development of renewable energy sources and promotion of energy

efficiency, by formulating targets for 2020

(2020 Energy Strategy 

 1)

)

,

2030

(2030 Energy Strategy 

 2)

)

and 2050

(Energy Roadmap 2050 

 3)

)

, and

adopting a challenging long-term strategy with progressively tougher objectives.

In the following paragraphs each of the main EU energy strategy objectives is

examined, with particular attention to natural gas and the related infrastructure as

key components of the current and future European energy mix.

 1) So-called 20-20-20 targets: reduction of GHG by at least 20%, increase of the share of renewable energy to at least

20% of consumption, improvement of energy efficiency by at least 20%.

 2) Objectives by 2030: 40% cut in GHG emissions compared to 1990 levels; at least a 27% share of renewable energy

consumption; increase of energy efficiency of at least 27%, to be potentially raised to 30%.

 3) EU targets for 2050: reduction of GHG of 80% to 95% compared to 1990 levels.