Skip to main content
Energy

Working Group 4 - Heating & Cooling (WG4)

WG4 will explore the means and needs for investment in heating and cooling systems and solutions ensuring energy efficiency. WG4 participants will have the opportunity to discuss the benefits and drawbacks of existing financing schemes, barriers to investment as well as the needs for new types of instruments going forward that can more effectively address the risks faced by companies and investors.

Participants will reflect on how to finance heating and cooling solutions for buildings by discussing the revision of major EU pieces of legislation as well as best practices for new innovative solutions.

Key context and elements for discussion

The discussions in this Working Group will, amongst others, take into account the following elements:

EU Policy developments – implications for investment

  • REPowerEU and Member States’ action for doubling yearly pace of deployment of heat pumps
  • Fit-for-55 and the implication of the revision on Energy Performance of Buildings Directive (EPBD)
  • Fit-for-55 and the implication of the revision on Energy Efficiency Directive (EED)
  • Fit-for-55 and the implication of the revision on Renewable Energy Directive (RED II)
  • Fit-for-55 and the implication of the revision of the revision of the Third Energy Package for Gas Regulation
  • Fit-for-55 and the implication of the revision of the EU Emission Trading System (ETS)
  • Prospects of the development of the Social Climate Fund
  • Member States’ comprehensive assessments on heating and cooling (2025)

Current and future financial instruments and investment schemes

  • Trends in the availability and effectiveness of financial instrument and investment schemes with the EU
  • The role of public and private sector investment
  • Barriers to investment across the EU Member States
  • Innovative heating and cooling solutions to addressing gaps and needs

Business / Markets developments - implications for investment

  • Implications of recent developments in heating and cooling technologies for investment needs
  • Best practices for reducing heating and cooling demand
  • Innovative financing solutions: Heat Purchase Agreements, heat-as-a-service

These topics are meant to constitute the background for the WG’s discussion. The list is not exhaustive and will be subject to changes depending on the latest policy, market, geopolitical developments as well as contributions and suggestions from the members of the group.

In addition, the participants of the Working Groups will have the opportunity to discuss other crosscutting topics, including:

EU Policy developments - implications for investment

  • Implications of the REPowerEU Join action for investment
  • Implications of the EC Communication on energy prices
  • Implications of the EC Action plan on the digitalisation of the energy sector
  • Implications of the EC European Strategic Energy Technology Plan
  • Implications of the EC State of the Energy Union 2022 report for investment
  • Implications of the EC Progress Report on the Competitiveness of clean energy technologies
  • 2020 NECPs assessment and upcoming revision of the plans in 2023
  • Progress and implications of the Circular Economy package

Current and future financial instruments and investment schemes

  • Implications of the EU taxonomy for energy sector investment

Business / Markets developments - implications for investment

  • Evolutions of business cases in light of the carbon price developments (in particular in view of the proposed revision of the ETS system and proposal for Carbon Border Adjustment Mechanism)