The production of energy in the EU is spread across a range of different energy sources: solid fuels (largely coal), natural gas, crude oil, nuclear energy and renewable energy (such as hydro, wind and solar energy). The EU’s strategy towards the progressive decarbonisation of the energy sector through the introduction of renewable, energy efficiency, and greenhouse gas emission targets has led to significant results.
According to the Quarterly Report on European Electricity Markets, in 2020, the share of electricity generated from renewables in the EU energy mix (39%) exceeded exceptionally the share of fossil fuels (36%) for the first time ever, and EU consumption of both electricity (-4%) and gas (-3%) fell from 2019 levels, notably because of the Covid-19 Pandemic.
The Green transition is also one of the six pillars of the Rescue and Recovery Facility.
A European Energy Union is one of the European Commission's priorities. Reliable energy supplies at reasonable prices for businesses and consumers and with the minimum environmental impact are crucial to the European economy. On 22 May 2020, the Council of ministers of the EU formally adopted four new pieces of EU legislation that redesign the EU electricity market to make it fit for the future. This concludes the remaining elements of the Clean energy for all Europeans package and represents a major step towards completing the Energy Union.
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