The EU ambassadors of the member states confirmed, on behalf of the Council, the provisional agreement reached on 19-20 June between the Bulgarian Presidency and the European Parliament on the Energy Union governance regulation.
"The Council has today agreed on a new governance system for the energy union. This will ensure that we remain firmly on track to meet our long-term energy and climate objectives. This regulation is a key tool for modernising our energy policies as it ensures transparency, coherence, and cost-efficiency, and improves collaboration."Temenuzhka Petkova, Minister of Energy of Bulgaria
The governance regulation is a key part of the clean energy package. It is the 'umbrella' piece of legislation which is intended to ensure that the EU's 2030 energy and climate targets are achieved. It defines how member states will collaborate both with each other and with the Commission to reach the EU's ambitious clean energy goals, including the renewable energy targets and the energy efficiency targets, as well as the EU's long-term greenhouse gas emissions goals. It also sets out control mechanisms that will help ensure that the targets are met, and that the range of actions proposed constitute a coherent and coordinated approach. In addition, the regulation provides for reporting under the UNFCCC and Paris Agreement.
Read the full press release on the website of the Council of the European Union.