Finance & EconomicsFinancing energy efficiency work continues: from EEFIG to EEEFinCoalition
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The European Energy Efficiency Financing Coalition (EEEFinCoalition) has been established to promote a dialogue that supports a positive market environment for energy efficiency investments. It builds on the legacy of the Energy Efficiency Financial Institutions Group (EEFIG), a key EU initiative for mobilizing commercial investments in energy efficiency involving collaboration between financial institutions, industry, and policymakers. This initiative, stemming from a 2013 joint effort by DG ENER and UNEP FI, concluded last year with notable successes, primarily due to Peter Sweatman's significant contributions.
EEFIG's final reports are considered comprehensive references on financing energy efficiency in buildings and industry, addressing topics such as consumer demand—a report coordinated by Rod Janssen. The EEEFinCoalition aims to continue this momentum, as articulated by Ralf Goldmann, by encouraging a market that responds to consumer preferences and regulatory changes, which can enhance the manufacturing sector's resilience.
Furthermore, the Energy Efficiency in Industrial Processes (EEIP) carries the EEFIG's mandate forward, focusing on industry needs, particularly European SMEs, within the scope of the DEESME 2050 project. EEIP manages an SMEFin Advisory Board, chaired by Sissy Windisch, aiming to address regulatory and technical investment barriers for SMEs, emphasizing the importance of third-party facilitation. The formation of the EEEFinCoalition and the ongoing work by EEIP highlight ongoing efforts to advance energy efficiency investment in Europe.
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Financing energy efficiency work continues: from EEFIG to EEEFinCoalition
The European Energy Efficiency Financing Coalition (EEEFinCoalition) has been launched today at the European Commission. Its objective is facilitate a dialogue, ensuring a favourable market environment for energy efficiency investments. Paula Pinho (Director for Just Transition, Consumers, Energy Security, Efficiency and Innovation @ DG ENER) outlined how the Coalition builds-upon the work of the Energy Efficiency Financial Institutions Group (EEFIG), that EEIP has been involved since its inception by the DG ENER and United Nations Environment Programme Finance Initiative (UNEP FI)in 2013 until its completion last year.
The EEFIG remains the landmark EU initiative focused on unlocking commercial investments in #EnergyEfficiency. By facilitating exchanges between financial institutions, industry, and policymakers, the EEFIG aimed to accelerate the deployment of energy-efficient technologies and improve investment practices. Rapporteur, Peter Sweatman, has been instrumental in ensuring successes and outstanding quality of EEFIG work.
The EEFIG final reports remain the most comprehensive and up-to-date reference sources on the state and potentials of financing energy efficiency in buildings and industry. For example, by addressing a dedicated report on consumer demand, coordinated by our President Rod Janssen, EEFIG-aligned initiatives to facilitate market opportunities for manufacturers, reducing the risk of investing in energy-efficient technologies. This collaborative approach fosters resilience in the manufacturing sector, enhancing its ability to adapt to changing consumer preferences and regulatory landscapes. This focus on customer demand, and regulatory support for the business case is highlighted today by Ralf Goldmann, Head of Division, Energy Efficiency and Energy Advisory, European Investment Bank.
In addition, Energy Efficiency in Industrial Processes - EEIP continues the work of building-upon EEFIG, when it comes to industry, and especially in facilitating practical debate on financing energy transition of European SMEs. Under the scope of DEESME 2050 project, we are coordinating SMEFin Advisory Board, Chaired by Sissy Windisch. Regulatory and technical barriers for investments in energy transition of SMEs seem to be very similar to investments in buildings, and very much depend on third-party facilitation, between investors and projects. Contact me if you would like to be involved.
Read more on the EEEFinCoalition https://energy.ec.europa.eu/topics/energy-efficiency/financing/european-energy-efficiency-financing-coalition_en
Read more on the EEFIG:
Working Group - Multiple Benefits of Energy Efficiency (Final Report) link
Working Group - Energy efficiency in industry (Final Report) link
Working Group - Stimulate consumers’ demand for energy efficiency investments (Final Report) link
