Policy & RegulationPolicy & Regulation
Connecting the dots of Energy Efficiency Directive with sustainable finance reporting. The full potential unlocked.
Recommendation 2024/2002 issued by the European Commission provides guidance on implementing the Energy Efficiency Directive (EED) in harmony with the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). The recommendation emphasizes the integration of energy audits and energy management systems, the financing of energy efficiency, and reporting activities related to sustainability, which are now mandatory for many enterprises. Energy Efficiency Networks are encouraged, particularly for SMEs, to share experiences and expertise for enhanced efficiency and greenhouse gas emissions reduction. The recommendation highlights the monetization of non-energy benefits from energy efficiency measures, such as improved business performance and air quality, as well as the adoption of renewable energy sources. Energy performance contracts are also detailed, where payment is linked to actual energy savings, which can offer regulatory exemptions when aligned with the EED. ESRS reporting standards call for transparency in financial and sustainability performance, including energy. Reporting under EED must align with the ESRS, obliging companies to document energy consumption and efficiency measures' implementation rates in their annual reports. While Recommendation 2024/2002 does not explicitly connect with other directives, it prompts member states to consider the integration of EED requirements with obligations of CSRD and CSDDD during their transposition process. These complementary directives aim to enhance corporate sustainability reporting and due diligence across companies' activities and supply chains for sustainability purposes. The approach is iterative, encouraging continuity in compliance reporting and promoting the widespread adoption of energy efficiency and climate mitigation measures.
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Hiring: TEAM LEAD - EU PROJECT OFFICE
EEIP seeks a Team Leader for its EU Project Office to manage project managers, oversee EU projects, drive proposal writing, and handle financials, focusing on energy transition initiatives involving finance, smart technologies, renewables, and sustainability.
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Revolutionizing Urban Living: Insights from the STARDUST Project
The STARDUST project exemplifies sustainable urban transformation through smart integration in energy, mobility, and ICT in "lighthouse" and "follower" cities, focusing on renewable infrastructure, innovative technologies, regulatory adaptability, stakeholder engagement, and novel business models to foster replicable sustainable city initiatives.
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Revitalizing Europe's Industrial Future: The European Commission's Strategic Vision for 2024-2029
The European Commission's strategy for 2024-2029 aims to revitalize Europe's industrial sector, address economic challenges, promote sustainability, advance technological sovereignty, ensure social fairness, and strengthen global partnerships for a resilient, prosperous EU future.
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Harnessing Carbon: Europe's Ambitious Plan for Industrial Carbon Management
The EU's industrial carbon management strategy aims for climate neutrality by 2050, targeting innovations in carbon capture and utilization (CCU), carbon capture and storage (CCS), and CO2 transport through a 19,000 km network. This transformative approach, fostering a carbon value chain, could generate €45-€100 billion and create 75,000-170,000 jobs by 2030, while positioning the EU as a global leader in carbon management technologies. The strategy emphasizes investment, R&D, public engagement, international cooperation, and regulatory development.
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The Renewable Revolution: Powering Our Future
Studies outline scenarios for a 100% renewable energy system by 2050, emphasizing electrification, solar and wind dominance, job creation, grid flexibility, energy storage importance, green hydrogen's role, and socio-economic benefits including health and employment gains.
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Powering Europe's Clean Energy Future: Key Elements of the EU Energy Efficiency Directive
The EU Energy Efficiency Directive sets binding targets to reduce energy use by 2030 and introduces measures across sectors for energy savings, prioritizing efficiency, sustainability, and enhanced energy security for European citizens and businesses, requiring member states to implement various efficiency strategies and reporting mechanisms.
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Doubling Energy Efficiency Progress: A Key to Achieving Climate Goals and Energy Security
The IEA's Energy Efficiency 2023 report calls for doubling global efficiency efforts to 4% annually for achieving net zero targets, highlighting significant regional progress, job creation potential, and the necessity for a transformative industry shift, supported by robust policies and investment.
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Accelerating the Clean Energy Transition: An Updated Roadmap to Net Zero Emissions
The IEA's 2023 Net Zero Roadmap update outlines steps for a 1.5°C-aligned energy transition, emphasizing rapid clean energy deployment and innovation. It sets key 2030 milestones, including tripling renewables, improving efficiency, increasing EV sales, and reducing methane emissions. Global cooperation and investment are critical.
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Top 10 EU Initiatives for Digitalizing the Energy System: Transforming Europe’s Energy Landscape
The European Union is advancing the digitalization of its energy infrastructure through 10 key initiatives that address data interoperability, grid management, cybersecurity, energy efficiency, and consumer empowerment to support its 2030 and 2050 climate goals. These initiatives aim to create an integrated, sustainable energy system that incorporates renewable energy and encourages innovation, while grappling with standardization and fast-paced digital innovation challenges.
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