Energy and climate change

The European economy is substantially less energy-intensive and less CO2-intensive than the Chinese, Russian or American economies, while the European share of global CO2 emissions has fallen to just 10%. Carbon pricing initiatives are expanding outside the EU, but the pace is slow.

Europe has shown global leadership in reducing energy intensity and CO2 emissions. Other countries must show similar commitments to ensure the Paris Agreement is fully implemented. This means following the European lead in establishing carbon pricing, both to increase the share of global emissions covered and to ensure a level playing field across regions and industries.
Europe is leading in reducing energy intensity and emissions
Carbon pricing is expanding, but limited outside Europe
Taxation is leading to disparity in electricity prices
EU leadership in renewables is being challenged
The circular economy offers great potential