Policy & RegulationPolicy & Regulation
The declaration serves as a political commitment within the European Energy Efficiency Financing Coalition, emphasizing the crucial role of energy efficiency in the EU's decarbonization efforts by 2050. It recognizes energy efficiency as an established, cost-effective approach to lowering emissions and supporting the clean energy transition, including meeting increased energy efficiency targets and a binding renewable energy target set by EU directives. Significant investment, primarily from private sources, is needed to achieve these goals and honor the Paris Agreement's aspiration to keep global warming below 1.5 degrees Celsius. The declaration aligns with the EU Green Deal and the REPowerEU plan to reduce reliance on Russian fossil fuels, promoting a clean, equitable, and inclusive shift toward climate neutrality. It also accentuates energy efficiency's role in bolstering economic resilience, ensuring energy affordability, and upholding competitiveness. Recognizing energy efficiency's broad benefits, it calls for enhanced EU-wide cooperation among financial institutions and policymakers to mobilize private financing for these initiatives. Signatories pledge to support the European Energy Efficiency Financing Coalition's activities, aiming to create an enabling environment for energy efficiency investments, supported by public awareness and skill development programs. Although the declaration does not establish new legal or financial commitments, it represents a consensus on advancing energy efficiency financing strategies in the EU.
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Joint Declaration on the European Energy Efficiency Financing Coalition - Signed by Commission and all Member States
The European Energy Efficiency Financing Coalition was established through a Joint Declaration to mobilize private investment and create a robust funding framework for energy efficiency projects. The Coalition aims to bolster market environments and scale private funding to meet EU energy and climate targets.
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Artificial Intelligence Act: Landmark Deal Reached for World's First AI Rules
The EU's Artificial Intelligence Act, following a three-day negotiation, aims to integrate AI into the European market, balancing innovation with fundamental rights protection. The act's risk-based approach sets stringent rules for high-risk AI applications, excludes certain AI uses, and provides specific law enforcement exceptions. It establishes a governance system, including an AI Board, and introduces penalties for violations. The legislation will take effect two years post-enactment, with a focus on transparent and responsible AI development.
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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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EU Policies for Advancing Green Hydrogen
The European Union is intensifying efforts to foster green hydrogen as a key component of its energy and climate strategy. Policies are being developed to support the production, distribution, and use of green hydrogen, aligning with the EU's broader goals of achieving carbon neutrality and sustainable economic growth.
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Decarbonisation of industrial heat: The iron and steel sector
Achieving deep decarbonisation by 2050 is only possible through new production processes. Electricity demand of the sector could increase three-fold by 2050. The production of steel from recycled scrap increases by a range of +30% to +70% versus.
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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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ChatGPT and the EU’s Artificial Intelligence Act
The European Union is considering a new legal framework that aims to significantly bolster regulations on the development and use of artificial intelligence. The proposed legislation, the Artificial Intelligence (AI) Act, focuses primarily on strengthening rules around data quality, transparency, human oversight and accountability.
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PROJECT MANAGER - EU PROJECT OFFICE
We are looking for a project manager for our EU Project office. EEIP is a neutral, open and global business and policy platform for the energy transition. Founded in 2011, we are serving more than 150.000 users.
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The clean energy race - EU fights back with new green industry and critical raw materials legislation
Two new EU proposals aim to set the bloc on track to meet its net-zero goals. They include the Net-Zero Industry Act and the Critical Raw Materials Act. The proposals are seen as key to reining in the green industry's global front.
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