The document outlines the European Union's commitments to reduce greenhouse gas emissions by 20% by 2020 compared to 1990 levels, increase renewable energy to 20% of total energy consumption by 2020, and continue global leadership on addressing climate change. It proposes actions in five areas - emissions reduction efforts, renewable energy promotion, revising the emissions trading system, carbon capture and storage incentives, and new state aid rules - to achieve the 20/20 goals. However, the European Parliament and member states remain divided on some details of implementation.