Energy efficiency investments:
why business needs ambitious EU targets and policies
Brussels, 17 October 2016: The European Alliance to Save Energy (EU- ASE) presented today “Strategic investments for Europe: Evidence from cost-effective energy efficiency stories”. The publication is a collection of 16 successful energy efficiency investments from 8 leading European companies and is the business community contribution to frequent requests by policy-makers to provide facts and figures on the cost-effective potential and multiple benefits of energy efficiency investments in Europe. It also highlights the importance of European policies and legislation to boost the internal energy efficiency market.
This publication arrives at a crucial moment: on 30 November the Commission will present an energy legislative package, which includes the EED and EPBD revisions.
According to the businesses represented by the European Alliance to Save Energy (EU-ASE), only a strong legislative framework and a binding target for energy efficiency, more ambitious than the one adopted by the European Council in 2014, can uncap the existing potential in terms of creation of local jobs and sustainable growth. Indeed, the current 27% target would merely slow down the current rate of energy productivity in the EU.
During the launch of the publication, EU-ASE President Monica Frassoni said: “An ambitious and correct EU policy framework to put “Efficiency First” among European priority investments post-2020 can be properly designed only if there is a widespread awareness of energy efficiency technologies and services, their impacts and multiple collective benefits”.
The Vice-President of the European Commission, Jyrki Katainen attended the launch of the publication and affirmed: “We need to be creative and wise to identify regulatory schemes for energy efficiency. This kind Of publication helps policy-makers because it raises awareness on the direct impact on the businesses, quality Of life and energy security. We still have a long way to go on increasing the very low renovation rate. There is an interest in addressing accounting barriers and together with Eurostat we are working on that”.
In the forwards of the publication, Commissioner Arias Canete presented energy efficiency as “the most cost-effective investment to reduce GHG emissions”, while 5 Member Of the European Parliament stressed that “regulation is needed to incentivise the market uptake of successful business models”.
“We should not miss the opportunity to consider energy efficiency as a strategic investment to drive EU competitiveness, productivity and create local jobs for the good of European industry and society”, concluded Monica Frassoni.