The European Union's regulatory arm is considering proposing a 2030 energy - savings target of 27 percent to 30 percent. The final number nasn't been decided yet and is subject to discussions in the European Commission. The energy-efficeincy plan would become the third pillar of the EU's energy and climate strategy for the next decade, which European leaders aim to agree upon in Octorber. The Commission in January propsed that 28-nation bloc adopt a binding toal to cut greenhouse gases by 40 percent by 2030, accelaerating the pace of emission reduction from 20 percent in 2020 compared with 1990 levels. It also recommended an EU-wide target to boost the share of renewables in energy consumption to 27 percent. The European efficiency goal for this decade is to cut energy consumption by 20 percent comapred with the business-as-usual projection, or by 368 million tons of oil equivalent. Under the existing law each country sets an indicative national target in its preferred form, which may inculde primary or final savings, intensity or consumption. The Commission is currently reviewing the law to analyze if it needs tightening to keep the EU on track to meet the 2020 goal. Most recent data shows that the block would save 18 percent to 19 percent of energy by the end of the decade, underlining the need for member states to accelerate the implementation of some already agreed measures, EU Energy Commissioner said last week.