Energy efficiency plays a crucial role in achieving the EU’s Green Deal ambition of becoming climate-neutral by 2050. At the same time, the largest investment gaps identified in achieving this clean energy transition are those for energy efficiency measures in the building stock, small and medium-sized enterprises (SMEs) and industry. The European Commission estimates that to achieve the newly agreed 55% climate target by 2030, around EUR 275 billion of investments per year are needed – the lion’s share in energy efficiency.
Through a multi-level stakeholder dialogue organised in targeted working groups, European Commission’s Directorate-General for Energy members exchange ideas, develop market-based solutions, and recommend policy measures, all aimed at identifying and overcoming the barriers to the long-term financing for energy efficiency. This places EEFIG in a key position to support the activation of private-sector investments in the framework of the objectives of the European Green Deal, the EU Recovery Plan and the Renovation Wave strategy.