09/04/2018 - Multiannual Financial Framework post 2020: Funding the accelerated transition towards an energy efficient Europe

What is at stake?

  • With the upcoming conclusion of the Clean Energy package and the preparation of its mid-century climate strategy, the EU is at the crossroad of its energy transition. The Multiannual Financial Framework (MFF) post-2020 will be instrumental to support this transition.
  • Only a massive scale-up of energy efficiency investments will enable to build a climate-safe future and to increase the affordability and resilience of the EU’s energy system.

 

In this context, the Coalition for Energy Savings is drawing the attention of policy makers to  the following points:

  • Tapping the full economic potential of energy efficiency means additional investments of around €300 billion per year and leads to a net creation of 3.3 million jobs. The EU budget shall take into account the magnitude of this potential and leverage energy efficiency investments, as private investors have indicated their appetite for more energy efficiency projects;
  • The EU budget shall reward Member States which are using their National Energy and Climate Plans to deliver ambitious climate and energy objectives in line with long-term decarbonisation goals; and
  • The EU budget shall apply the energy efficiency first principle in all planning and programmes to ensure that investment decisions are made upon appropriate assumptions about the size of the energy market, in line with the achievement of 2030 targets and longer-term climate and energy goals stemming from the Paris Agreement.

 

More information:

Monday, 9 April, 2018