Joint Declaration on the European Energy Efficiency Financing Coalition - Signed by Commission and all Member States

Samenvatting

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.