The climate and energy package is a set of binding legislation which aims to ensure the European Union meets its ambitious climate and energy targets for 2020.

These targets, known as the "20-20-20" targets, set three key objectives for 2020:

- A 20% reduction in EU greenhouse gas emissions from 1990 levels;

- Raising the share of EU energy consumption produced from renewable resources to 20%;

- A 20% improvement in the EU's energy efficiency.

Commitment to low-carbon economy

The targets were set by EU leaders in March 2007, when they committed Europe to become a highly energy-efficient, low carbon economy, and were enacted through the climate and energy package in 2009.

The EU is also offering to increase its emissions reduction to 30% by 2020 if other major economies in the developed and developing worlds commit to undertake their fair share of a global emissions reduction effort. The European Commission has published a Communication analysing the options for moving beyond a 20% reduction by 2020 and assessing the risk of "carbon leakage".

More detaled information about the project: http://ec.europa.eu/clima/policies/package/index_en.htm

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