Greening budgets through EU Energy Union and the European Semester
Since the launch of the European Commission’s proposed Energy Union in February 2015, energy policy has disappeared from the main governance tool to monitor the progress of the EU’s Economic and Monetary Union, known as the European Semester. While it may appear sensible on a superficial level to have a separate framework for energy policy, it has created two strategic challenges:
Firstly, Energy Union’s target implementation will not be in place until 2020, creating a lack of clarity and loss of policy direction in the short term.
Secondly, Energy Union will be overseen by Energy Ministers who arguably do not have the power over investments and budgets that Finance Ministers do.
In an ideal world, energy and climate would be considered as a ‘horizontal’ strategic policy area that should drive all aspects of government policy and investment. Either way, Energy Union, whatever its final form, must include binding and ambitious targets that take into account the Paris Agreement and look beyond 2030.
In this context, GBE presents two new publications, an advocacy toolkit and a policy briefing, offering analysis of and recommendations for the Energy Union governance system, and examining how the European Semester Process could serve as a suitable model to enable better oversight of climate and energy issues.
While the advocacy toolkit aims to facilitate understanding of the challenges surrounding Energy Union, the policy briefing was submitted in response to the European Commission’s consultation on the “Streamlining of Planning and Reporting obligations as part of the Energy Union Governance“.
Download Advocacy toolkit
Download Policy briefing