High level action required to remove investment and implementation backlog
Brussels, 11 October 2018 – At its General Assembly today in Brussels, the Coalition for Energy Savings called for an energy efficiency fast-track mechanism to overcome the investment and policy implementation backlog. Latest data suggests an increase in energy demand alongside a decline of annual energy savings across the EU, putting the achievement of the EU target and national obligations at risk. The European Commission has put in place a Member States’ expert taskforce to assess the causes and discuss ways to ensure the 2020 energy efficiency target is achieved.
“A decline in energy savings is a political, economic and security liability. What we need is a fast-track mechanism to remove the investment and implementation backlog”, said Stefan Scheuer, Secretary General of the Coalition for Energy Savings. He added: “There is broad consensus that decarbonisation heavily relies on tapping the full energy saving potentials across sectors, because the solutions are available right now and make the transition attractive to citizens and business”.
The Coalition for Energy Savings’ membership, which comprises businesses, professionals, local authorities, cooperatives, consumer and civil society organisations, discussed today how to kickstart such a mechanism. Removing obstacles to energy efficiency investments requires that Member States identify and lift barriers and redirect investment flows to energy efficiency, including by encouraging the uptake of ETS-related revenues and funds.
The European Commission has announced its proposal for an EU strategy for long-term greenhouse gas emission reductions next month. This would be an appropriate place to initiate such a fast-track mechanism and fully seize the energy efficiency contribution as the key enabler of all greenhouse gas reduction pathways.
Notes for editors
•Eurostat early estimates of the EU’s energy balances suggest an increase in overall energy demand for 2017, which would be the third year in a row of growing energy demand, putting the achievement of the 2020 energy efficiency target at risk.
• Annual energy savings from energy efficiency improvements have been falling from 11 Mtoe in 2014 to 5 Mtoe in 2016 according to a decomposition analysis provided by the EU project ODYSSEE-MURE. This finding needs to be put into perspective with the annual energy savings of around 8 Mtoe, which required to meet national energy saving obligations under Article 7 of the Energy Efficiency Directive.
•Our response to the public consultation on the EU long-term strategy can be found here.
Marion Santini | +32 2 235 20 13 | marion.santini[a]energycoalition.eu | @EUenergysavings