The 2030 climate and energy framework was adopted in October 2014 by the European Union. The framework sets specific targets for the reduction of greenhouse gas emissions, the share of renewable energies and the increase of energy efficiency. Furthermore, the EU's energy union strategy for a transition to a low-carbon economy came into action. Both policies had an impact on the German and European economy as well as on the EU's position during the COP 21 which negotiated the Paris agreement. During the second Forum Climate Economics scientists and practitioners had the opportunity to discuss the European energy and climate policies and their economic consequences.