Financing energy efficiency
Energy efficiency Financing - 23 July 2019
The EU has increased the amount of public funds available for energy efficiency. However, to meet the objectives of the Energy Union and support the transition to a clean energy system, there is a need to further unlock private financing, in particular for energy efficiency investments.
It is estimated that an additional €177 billion per year will be necessary over the period 2021-2030 to reach the EU’s energy and climate objectives for 2030.
The Smart Finance for Smart Buildings Initiative
The Commission has launched the Smart Finance for Smart Buildings(SFSB) initiative, as part of the ‘Clean Energy for All Europeans‘ package. Building on the Investment Plan for Europe, it includes practical solutions to mobilise private financing for energy efficiency and renewables in buildings in three main areas:
More effective use of public funds
At the EU level, the European Structural and Investment Funds (ESIF) will allocate €18 billion to energy efficiency in the period 2014-2020. Boosting investment in sustainable energy projects is also one of the strategic priorities of the European Fund for Strategic Investments(EFSI). In addition, the EU has developed a number of other support schemes and funding programmes aiming to help businesses, regions, and countries successfully implement energy efficiency projects.
Read the full article: ec.europa.eu/energy/en/topics/energy-efficiency/financing-energy-efficiency
