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The Federal Planning Bureau presents its latest medium-term outlook (2012-2017) on 14 May 2012. The Economic Outlook 2012-2017 for Belgium is set against the background of budgetary consolidation and weak economic growth in Europe.
At the request of the Federal Public Service Environment, the Federal Planning Bureau has updated the energy and economic impact assessment for Belgium of the Climate-Energy Package as described in Working Paper 21-08. Working Paper 9-11 is based on the new economic and policy context and benefits from recent analyses conducted by the European Commission at EU level: an analysis of the stepping up from the 20% reduction in greenhouse gas emissions’ target to a 30% decrease in 2020, next to the Roadmap for moving to a competitive low-carbon economy in 2050.
In order to prepare for the negotiations on the EU Energy and Climate Package, the Federal Planning Bureau was asked by the Belgian federal and regional authorities to conduct a study on the impact of the January 2008 European Commission’s proposal. In the course of this study, various scenarios were run. Next to a baseline, two main alternative scenarios were scrutinised: the 20/20 and 30/20 target scenarios, standing for an EU reduction of respectively 20% and 30% of GHG emissions in the year 2020 compared to the level of 1990 and a 20% mandatory EU share of RES in Gross Final Energy Demand in 2020. The report then includes an analysis of the impact of both scenarios on the Belgian energy system and economy as well as on GHG emissions.
