At the meeting of the European Council in October 2014, political agreement was reached on the headline targets for the 2030 Climate & Energy Framework, namely:
(i) a reduction in greenhouse gas emissions of 40%;
(ii) an increase in EU energy from renewable sources to 27%; and
(iii) an indicative target of 27% energy efficiency.
This equates to emissions reductions of 43% and 30% respectively for the Emissions Trading Scheme (ETS) and non-ETS sectors on 2005 levels.
EU leaders deferred talks however, on specific national targets until after a UN Framework Convention on Climate Change scheduled for Paris in December 2015, where world leaders are to set global targets to curb emissions after 2020.