On 27 March 2013, the European Commission has issued a Green Paper: A 2030 Framework for Climate and Energy Policies. The 2030 Framework is expected to set ambitious goals for climate and energy targets, while improving the coherence of policy instruments. It shall also ensure, and not hinder, the competitiveness of the EU industry, in particular with regard to energy prices. For this purpose, it should specify new targets for greenhouse gas (GHG) emission reductions and taregt for the renewable energy sector. The new Climate and Enegry Package that will ensue from the Green Paper and that will be published on 22 January 2014 will encompass several measures, such as a White Paper on the 2030 Climate and Energy Framework, a proposal revising the EU Emission Trading System (ETS), an analysis on energy prices and costs and, possibly, an initiative on unconventional fossil fuels (UFF).
In this respect, the European Parliament's joint meeting of the Environment and Industry committees has shed light on serious concerns regarding energy prices that represent a threat to European competitiveness. In addition, although MEPs agree on strong and meaningful targets, some also voiced the need for flexibility regarding the instruments to achieve those targets.
The next joint meeting of the EP Environment and Industry committees will take place on 9 January 2014.