Energy Agreement 2012-2020
It contains a number of key elements that contribute to the overall target. Energy companies must realise specific energy savings beyond current standards. It also includes development of a comprehensive strategy to improve energy efficiency standards in buildings, expansion of wind power from 25% (2012) to 50% (2020), demonstration and use of new renewable energy technologies (wave, solar, geothermal), amendment to the Heating Supply Act to increase attractiveness of shifting from coal to biomass, phasing-out of oil-fired boilers via encouraging shifts to natural gas boilers and electrical heat pumps using ambient heat in existing buildings and subsidies to promote investment in energy efficient use of renewable energy in industrial production processes, calls to draw up strategy on establishing smart grids, improving opportunities for using biogas (provision, financial support), facilitating a shift in transport sector from fossil fuels to electricity and biofuels via subsidies for car recharging stations as well as the implementation of the 10% target for renewable energies in transportation by 2020 and the implementation of efficiency improvements in the energy sector.
10.7PJ annual increase in energy saved by energy companies, then 12.2 PJ by 2014, 2015-2020 against a 2013 baseline
1,000 MW increase wind turbines, 500 MW coastal wind by 2020 against a 2012 baseline
10% biofuel in transport sector fuel mixture by 2020