24 May 2016, Brussels – Today, the European Parliament’s Energy committee reiterated its call for a 40% energy efficiency target for 2030, regretting the "extremely unrealistic" impact assessment from the European Commission.
In its report on the implementation of the Energy Efficiency Directive, the Committee calls on the European Commission to move to a comprehensive cost-benefit analysis taking into account the multiple benefits of energy efficiency and using a social discount rate. The vote comes at an important moment as the Commission is preparing legislative proposals, expected after the summer, to update and revise the EU’s framework legislation for energy efficiency, the Energy Efficiency Directive.
The Coalition for Energy Savings has called on European Commission’s President Jean-Claude Juncker to ensure that energy efficiency is put first in the legislative work this year to send a positive signal to EU industry, investors and citizens. This requires recognising the value of energy efficiency to our society when assessing the impact of 2030 ambitions.
Improving energy efficiency by 40% by 2030 is not only achievable but also highly profitable for the EU economy. Research for DG Energy has shown that the EU has a 40% cost-effective energy savings potential for 2030. Tapping this potential would save around 317Mtoe by 2030, compared to draft projections for business as usual energy consumption. This is just less than the gas imported by the EU in 2013. This would trigger over €631billion worth of investment in the European economy, twice the amount expected to be generated by President Juncker’s investment plan. In turn, creating or maintaining over 9.5 million jobs in the EU, nearly half of the unemployed people in the EU.
Marion Santini | +32 2 235 20 13 | press[at]energycoalition.eu | @Euenergysavings
The Coalition for Energy Savings (AISBL) strives to make energy efficiency and savings the first consideration of energy policies and the driving force towards a secure, sustainable and competitive European Union. Its membership unites businesses, professionals, local authorities, trade unions, consumer and civil society organisations in pursuit of this goal. The Coalition calls on the EU to commit itself to a 40% energy saving target by 2030, and to step up policies, measures and investments in order to stop energy waste and tap the considerable energy savings potentials.
Coalition members represent:
- more than 500 associations and 200 companies
- 15 million supporters and more than 2 million employees
- 2,500 cities and towns in 30 countries in Europe
Notes for editors
• According to Fraunhofer ISI, on behalf of DG ENER, the EU could save at least 40% of its overall energy demand by 2030 if it made of all the cost-effective efficiency improvements across all sectors of the economy. Eurostat reports that the EU-28 imported 345Mtoe of gas in 2013.
• Investment figures are based on the assumption that on average €2billion investment is needed for to save 1Mtoe. Juncker’s investment plan should mobilise €315billion of investment.
• Employment figures are based on the assumption that every €1million of investment in energy efficiency creates or maintains 15 jobs. Eurostat reports that 22 million men and women in the EU were unemployed in September 2015.
• Study: Impact assessment of EU 2030 energy efficiency targets in the context of the Energy Union & Energy Efficiency First. Towards a cost benefit analysis. The study identifies some of the limitations of using only a private interest perspective to assess the impacts of an energy efficiency target and demonstrates the importance of complementing the Impact Assessment work with a more comprehensive cost-benefit analysis to appraise societal ambitions for 2030. Study, March 2016.