The European Energy Efficiency Financing Coalition will develop a platform for dialogue, experience sharing and the development of new cooperative initiatives on energy efficiency financing between the Commission, EU countries and financial institutions over the coming years.
Objectives
The objective of the Coalition is to create a favourable market environment for energy efficiency investments and to facilitate the mobilisation of private financing for energy efficiency in support of the 2030 and 2050 EU energy and climate targets. Its work includes
- to facilitate the implementation of energy efficiency financial instruments and schemes under EU funding programmes
- promote that these programmes foster or facilitate further private investment in energy efficiency projects
The Coalition will align its work with the ambition of the Energy Efficiency Directive and the Energy Performance of Buildings Directive, thus helping EU countries to implement these directives at the national level.
Structure of the Coalition
The EU Energy Efficiency Financing Coalition is organised in a 3- layer system.
Plenary meetings
The plenaries will include the high-level representation from all Coalition members and it is chaired by the European Commission.
Expert groups
These groups will include highly qualified experts from key stakeholders and would be appointed to deal with specific requests stemming from the Coalition.
National hubs
The hubs will represent the Coalition in each of the national markets. Each member country will be invited to create its national hub, appoint a specific person as their Chair and would be primarily responsible for its functioning.
The Secretariat will support the work of the Coalition by providing administrative and professional support to the structure. It will also assist with the maintenance and expansion of the DEEP database, as an integral tool of the Coalition, by improving the understanding of the real risks and benefits of energy efficiency investments.
Background
The Coalition builds upon the results of the Energy Efficiency Financial Institutions Group (EEFIG), created by the Commission and the United Nations Environment Programme Finance Initiative (UNEP FI) in 2013. EEFIG served as a joint platform for cooperation and dialogue with financial institutions on energy efficiency and provided the Commission with concrete studies and recommendations on the way forward for energy efficiency financing. UNEP FI will remain a privileged partner of the Coalition.
Recent publications produced by EEFIG Working Groups can be found in the dedicated CIRCABC folder.
During its mandate, EEFIG published DEEP – the de-risking energy effiency platform. It is a pan-EU open-source database containing detailed information, evidence and analysis of over 20,000 industrial and buildings-related energy efficiency projects.
The Coalition, and in particular its national dimensions, will additionally benefit from the experience and deliverables of the Sustainable Energy Investment Forums, which, since 2017, have organised stakeholder events to facilitate dialogue on investments in sustainable energy at EU and national levels.
Documents
Related links
- Recommendation on transposing Article 30 on national energy efficiency funds, financing and technical support of the recast Energy Efficiency Directive (C/2023/8558)
- Energy efficiency directive - European Commission
- Energy Performance of Buildings Directive
- Sustainable Energy Investment Forums
- The Energy Efficiency Financial Institutions Group (EEFIG - archived website)