The study shows that “energy efficiency investment is the most cost effective manner to reduce the EU’s reliance and expenditure on energy imports costing over 400 billion euros a year”.
On this context, the report recommends diverse actions which could help reduce the current challenges on energy efficiency to obtain long-term financing for this issue. Some of these actions are the creation of energy and cost database for buildings and the development of a project rating system to provide a transparent assessment of the technical and financial risk of energy renovation projects for buildings.
Moreover, the EEFIG has identified a “very strong economic, social and competitive rationale for the up-scaling of energy efficiency investments in buildings and industry in the EU".
The Energy Efficiency Financial Institution Group was established in 2013 to address the need to increase the scale of energy efficiency investments across the European Union.
For more information, go to https://ec.europa.eu/energy/node/1786