Making Money Work For Buildings
Well-designed financial and fiscal programmes for energy efficiency improvement projects in buildings have a cost-effectiveness to governments of around €20-25/tonne of carbon emissions mitigated, which is lower than virtually all alternative non-traded carbon abatement measures. That is the conclusion of this research report from EuroACE which looked at over 100 instruments currently in place across the EU representing tens of billions of Euros of investment in energy efficiency.
Open Letter to European Heads of State on the Occasion of the June European Council’s Discussion on EU 2020 Strategy
Brussels, 18 June 2010
EU Energy Saving Target Key to Achieving the New Europe 2020 Objectives
As representatives of a range of business and professional associations and civil society interests, we are firmly convinced of the multi-faceted benefits of energy saving and consider that the EU must urgently step up its action in this regard.
We regret that the European Council did not pay more attention to energy saving this week, as it gathered in Brussels to endorse the Europe 2020 strategy for steering the EU toward a smart, sustainable and inclusive economic future. Improving energy efficiency to help meet the EU’s target of lowering energy use by 20% by 2020 is a win-win-win solution, which should be acknowledged as lying at the heart of the new 2020 objectives.
Meeting the existing 20% target could generate a million new, local jobs, greatly reduce imported energy dependency and help Europe and its businesses take the lead in the global race for innovative and sustainable products. It is also integral to the EU’s climate and energy objectives. Yet at current rates, only half of the target will be achieved. The consequence of this failure will be an unnecessary additional cost to consumers of 78 billion Euros annually at a time of severe budgetary constraints, an increase in the need for harsh and unpopular austerity measures and undermining the achievement of Europe's strategic goals[1].
Practices and technologies to achieve the necessary savings are already available. We call on you to urgently take the steps necessary to see that these solutions are acted upon. This means taking on a higher level of commitment and accountability for delivering on the existing 20% target.
Overcoming the barriers to energy saving requires a new impetus for targeted efficiency policies and programmes, alongside strengthened price signals. We consider that binding targets would help to establish this impetus, as has been demonstrated for other priority policy areas—for example in the case of renewable energy and air quality. We note that the European Parliament again called for such a target in its Resolution on the Europe 2020 Strategy, voted this week[2].
Even taking into account the economic recession and policies adopted since the 2006 Energy Efficiency Action Plan (EEAP), a three-fold increase in policy impact will be needed to achieve the 20% target. The next 12 months represent a narrow window of opportunity: the forthcoming Energy Action Plan and review of the 2006 EEAP must set out the framework and new legislation to ensure that the savings gap is closed.
While many Member States will have to reduce budget deficits in the coming years, a 20% binding target for energy saving will help incentivise action in the most strategic areas, to the economic and environmental benefit of all Europeans. We hope that those benefits are at the forefront of European leaders’ minds and that energy saving will be made the first order priority for the EU’s economic recovery and new ‘EU2020’ strategy.
[1] Figures cited in this letter are from the preliminary findings of the forthcoming study ‘Energy Savings 2020’ by Eco fys and Fraunhofer ISI, to be published in September 2010.
[2] The European Parliament resolution on the EU 2020 Strategy (P7_TA(2010)0223) is at http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+TA+P7-TA-2010-0223+0+DOC+XML+V0//EN&language=EN
ABOUT US
- CAN Europe (Climate Action Network Europe) is an umbrella organisation for 130 non-profit, non-governmental organisations across Europe, which unite to prevent dangerous climate change. CAN-Europe is recognized as an established civil society voice in EU policy and in the UN climate negotiations. Website: climnet.org
- CECED (European Committee of Domestic Equipment Manufacturers) promotes the industry's mission to increase the performance while reducing the environmental impact of the appliances. Website: ceced.org
- CECODHAS (The European Liaison Committee for Social Housing) is the European Committee for social and cooperatives housing, a network of national and regional social housing federations. Website: cecodhas.org
- ClientEarth is an organisation of activist lawyers committed to securing a healthy planet and bringing together law, science and policy to create pragmatic solutions to key environmental challenges. Website: clientearth.org
- COGEN Europe is the European association for the promotion of cogeneration. It represents the interests of the cogeneration industry, users of the technology and promoting its benefits in the EU and the wider Europe. Website: cogeneurope.eu
- EEB (The European Environmental Bureau) is the largest federation of environmental citizens’ organisations in Europe with over 150 member organisations. Its aim is to protect and improve the environment of Europe and to enable the citizens of Europe to play their part in achieving that goal. Website eeb.org
- ECF (European Climate Foundation) is a philanthropic organization that aims to promote climate and energy policies that reduce Europe’s greenhouse gas emissions and help Europe play an even stronger international leadership role in mitigating climate change. Website: europeanclimate.org
- European Copper Institute is a non profit organisation representing the world's mining companies and the European copper It aims to raise public awareness of copper's value to society and to the environment. Website: www.eurocopper.org
- EuroACE (The European Alliance of Companies for Energy Efficiency in Buildings) represents Europe's leading companies involved with the manufacture, distribution and installation of energy savings goods and services for buildings. Its mission is to help Europe move towards a more sustainable pattern of energy use in buildings. Website: euroace.org
- Eurima (European Insulation Manufacturers Association) represents the interests of all major mineral wool producers throughout Europe. Its mission is to create a favourable business environment for mineral wool insulation, by promoting the common interests of this industry and working for positive regulations and standards. Website: http://www.eurima.org
- PU-Europe is the European association representing the polyurethane insulation industry. Polyurethane insulation helps to save energy in a wide variety of applications in buildings, district heating, cooling and refrigeration, and industrial syste Website: www.pu-europe.eu
- The Climate Group is an independent, not-for-profit organisation, working internationally with government and business leaders to advance smart policies and technologies to cut global emissions and accelerate a low carbon economy. Website:theclimategroup.org
Working Paper Financial and Fiscal Instruments for Energy Efficiency in Buildings
Learn more about the existing financial and fiscal incentive programmes for sustainable energy in buildings in the different EU Member States in this Working Paper. The survey reflects the wide-range of measures that can be deployed to incentivise energy efficiency investment in buildings, as well as the great potential for information exchange and sharing of best practice within the EU.