Public funding for energy efficiency picking up

(eceee news, 9 Jun 2016) Total public funding for energy efficiency in the EU grew from about €6 billion in 2012 to about €7.1 billion in 2014, according to new research from Ecofys. This trend is encouraging, the Brussels-based Coalition for Energy Savings stated, but commented that structural reforms are needed to close the EU’s investment gap.

According to the new research by Ecofys the total public funding for energy efficiency in the EU grew from about €6 billion in 2012 - when the Energy Efficiency Directive (2012/27/EU) was approved, to about €7.1 billion in 2014. This trend can also be observed in Central and Eastern Europe

As the European Parliament is discussing the first results of the Investment Plan for Europe, a new study by Ecofys “Public funding for energy efficiency in the EU” reports that Member States are increasing funding for energy efficiency - a trend which will hopefully be continued and a sign that resources are shifting to what could become a defining project for Europe.

The study shows that the trend can also be observed in some countries in Central and Eastern Europe. Slovakia, for example, has the highest level of funding per capita across the Member States monitored. Nevertheless, many investments which would make economic sense are still not realised, and a lot needs to be done to ensure that the legislative framework encourages these opportunities.

“The increase in public funding for energy efficiency in the EU is encouraging, but it is only one element of what is needed to trigger real investments”, said Stefan Scheuer, Secretary General of The Coalition for Energy Savings. “Member States and the European Commission’s financial efforts to support energy efficiency will not lead to major market uptakes unless they are accompanied by significant structural reforms, including in the areas of public deficit accounting and state aid, and by high ambition for 2030”.

The European Commission has indicated its willingness to break down barriers to investments with its Investment Plan for Europe. As a multi-stakeholder Coalition, uniting 31 European business, civil society, consumer, professional, trade union and local government organisations, The Coalition for Energy Savings has called on the European Commission to propose a 40% target for 2030 in line with the cost-effective potential for energy savings and to place energy efficiency first in reviewing policies such as state aid and public accounting rules.

For more information about the report, contact Marion Santini | +32 2 235 20 13 | press@energycoalition.eu | @Euenergysavings