- A 20% reduction in EU greenhouse gas emissions from 1990 levels
- Raising the share of EU energy consumption produced from renewable resources to 20%
- A 20% improvement in the EU’s energy efficiency
On October 30, 2013, Xavier Labandeira, professor of the Department of Applied Economics at the University of Vigo and Director of Economics of Energy, presented a lecture at ASU Global Institute of Sustainability. Labandeira discussed Spanish policies to promote renewable energy and assessed their effectiveness within a wider energy public-policy context. Labandeira first gave a picture of Spain’s reasons for renewable energy development. He explained that Spain’s carbon dioxide (CO2) emissions were 15% higher in the early 2000s from 1990. Implementation of the EU's Integrated Energy and Climate Change Package from the year 2007 greatly helped decrease that level by presenting three key targets, known as the “20-20-20” targets, for 2020.