Tapping the EU's energy efficiency potential - the premier focus for sustainable jobs and growth

Brussels, 14 November 2014 - Following the Coalition for Energy Savings' meeting with the Vice-President for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen, the Coalition has published a briefing on the need for energy efficiency to be the premier investment focus of the Commission’s job, growth and investment package. Tapping the EU’s huge energy efficiency potential would not only deliver the necessary economic, social and environmental returns, but the existing basis for investment can be built on and expanded. It is estimated that tapping the potential requires an additional investment of €386 billion until 2020 or €64 billion per year, considering that €2 billion needs to be invested to save 1 Mtoe. This includes steeping up implementation of the Energy Efficiency Directive, additional measures to the close the gap to the 2020 target and further removal of non-market barriers to energy efficiency. 

Friday, 14 November, 2014