The 1,000-page so-called ‘jumbo’ package contains no less than eight different legislative proposals, including revisions of two EU energy directives.
With the main aim being to overhaul the EU energy market, the package has been described as “one of the most significant legislative proposals in years.”
Elements of the strategy recognise the role of increased efficiency and renewable energy in creating jobs, cutting energy use and tackling climate change.
The package specifically includes a binding energy efficiency target of 30 per cent by 2030 and a focus on what is called “community-owned and managed” renewable energy.
Campaigners say that if “community energy” – the right to store and sell energy – is allowed to fulfil its potential, over half of European citizens could be producing their own renewable energy by 2050.