From DDL Wiki

European Commission (EC) declares that the EU's present energy policy is not sustainable. Therefore, EU has proposed a three-year action plan toward a common European energy policy that would improve the continent's precarious energy security.

Goal

The goal of this action plan is "catalyzing a new industrial revolution, accelerating the change to new carbon growth and, over a period of years, dramatically increasing the amount of local low emission energy that EU MEMBER STATES produce and use.

Action Plan

• Binding agreements to source 20% of Europe’s energy from renewable sources, with half of that (10%) coming from biofuels, by 2020.
• Further separation of energy production from energy distribution to ensure more uniform energy costs among member states.
• Increased spending on energy research by at least 50% over the next seven years, including the funding of up to twelve large-scale demonstrations of low-carbon commercial power generation.
• Diversification of external energy suppliers.

Reference

Green Car Congress - European Commission Proposes New Energy Policy, Calls For 10% Biofuels by 2020