Finance & EconomicsFinance & Economics
Joint Declaration on the European Energy Efficiency Financing Coalition - Signed by Commission and all Member States
The Joint Declaration on energy efficiency financing, signed by EU Energy Commissioner Kadri Simson and Energy Ministers of the 27 EU Member States, emphasizes the need for private investment in energy efficiency and the creation of a sustainable funding framework for such investments. This initiative is the precursor to establishing the European Energy Efficiency Financing Coalition, which aims to foster market conditions conducive to energy efficiency investments and to increase private funding to meet EU energy and climate goals for 2030 and 2050. The Coalition will follow the blueprint of the Energy Efficiency Financial Institutions Group (EEFIG), operating through political dialogue, expert groups, and national hubs to tailor financing solutions. The legal basis for the Coalition is Article 30 of the 2023/1791 EU Directive on Energy Efficiency, which seeks to enhance the cost-effectiveness of public funding and stimulate private investments in the sector. A formal launch for the Coalition is planned for early 2024, with invitations to financial institutions and stakeholders to participate meant to be extended soon.
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Empowering Small and Medium-sized Enterprises (SMEs) in the Energy Transition: The DEESME Project
The DEESME project, under EU's Horizon 2020, aids SMEs in energy efficiency endeavours, countering technical, financial, and awareness barriers. It provides a multi-layered approach to align SMEs with EU goals, offering policy recommendations and strategies to effectively implement Article 11 of the Energy Efficiency Directive.
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Stimulating Consumer Demand for Energy Efficiency Investments
The Energy Efficiency Financial Institutions Group (EEFIG) will soon publish its final report from an expert working group on accelerating consumer demand.
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What are green loans and how are they linked to the EU Taxonomy Regulation?
The EU Taxonomy Regulation aims to provide clear and consistent criteria for identifying environmentally sustainable activities. In addition, the EU Taxonomy Regulation also requires financial market participants to report on the environmental sustainability of their investments, one of the reasons why green loans are becoming more popular.
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Energy efficient industrial pump systems: market potential, success factors and financing options
The market for energy efficient pump systems in industry is expected to reach $16.3 billion by 2025. The market is highly competitive, with a number of companies offering a wide range of products and services.
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Transforming Europe’s Social Housing: Survey on Energy Efficient Refurbishment Strategies
SUPER-i survey is an online survey aimed at collecting insights on the current state of the energy-efficient refurbishment of social housing stocks in Europe. Results will identify areas for improvement, enable benchmarking of energy efficiency performance, and inform decision-making processes at various levels.
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Riding the Green Wave: The Meteoric Rise of Sustainability-Linked Bonds
The market for sustainability-linked bonds hit the $100 billion mark in 2021. This growth rate is significantly faster than that of green bonds, which took almost six years to reach the same market size.
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Make or break for EU Industry
The Energy Efficiency Financial Institutions Group (EEFIG) has just published its final report from its working group on industry. It is a wake-up call that action needs to be taken urgently. Europes industry must decarbonise to unprecedented levels at a high pace.
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How to generate long-term value creation through operationalisation of sustainability data
A lack of effective and automated tools is holding firms back from properly collecting and sharing data. Sustainability data should be of high quality, auditable, transparent, comparable, screened for errors and data gaps. Firms should strongly consider optimizing their data to generate actionable insights.
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Energy transition investment in Emerging Markets and Developing Countries
Emerging markets and developing economies (EM&DEs) account for nearly half of the total global greenhouse gas emissions. The volume of capital currently being deployed to transition these countries to lower-carbon sources of energy is insufficient given the size of the climate challenge.
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