EU Energy Commissioner Gunther Oettinger said the European Union needs to work on 2030 climate and energy goals as it addresses the long-term goal of cutting emissions by as much as 95 percent by 2050.
"We need to define our climate and energy policy framework for 2030 as soon as possible to ensure proper investment that will give us sustainable growth, affordable competitive energy prices and greater energy security," he said in a statement.
The European Union in 2009 adopted a goal of relying on renewable energy to meet 20 percent of the overall energy needs by 2020.
EU Commissioner for Climate Action Connie Hedegaard said the European economy relies too heavily on imported fossil fuels. It's time to move the goal posts on renewables because 2020 is right around the corner, she said.
A progress report from the European government said progress on reaching the 2020 targets was slow because of the financial crisis gripping the eurozone.
Oettinger said a new framework for 2030 must be ambitious but also consider the consequences of the economic crisis.