eu energy efficiency policy and support to energy ... · 6/15/2017 · global leadership in...
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CLEAN ENERGY FOR ALL EUROPEANS
EU energy efficiency
policy and support to
energy efficiency
investments
Regional conference financing energy efficiency in Spain
and Portugal
15 June 2017, Madrid
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CLEAN ENERGY FOR ALL EUROPEANS
Variation final energy consumption - European Union - Mtoe (2005-2014)
Source: Odyssee-Mure
IT IS NOT ONLY THE ECONOMY… ENERGY EFFICIENCY POLICY WORKS
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CLEAN ENERGY FOR ALL EUROPEANS
- low hanging fruits are already picked (large efficiency gains in energy intensive products and industrial processes)
- buildings renovation rates stay low due to high upfront capital investment and long payback periods and other barriers (split incentives)
BUT… WHERE LIES THE POTENTIAL AFTER 2020?
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CLEAN ENERGY FOR ALL EUROPEANS
EEFIG RECOMMENDS TO TAKE ACTIONS TO
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CLEAN ENERGY FOR ALL EUROPEANS
…create jobs & growth
WHAT ARE THE GOALS OF THE CLEAN ENERGY FOR ALL
EUROPEANS PACKAGE?
Demonstrating global leadership in
renewables
Delivering a fair deal for
consumers
Putting energy efficiency first
…make the market fit for purpose
…foster innovation
…spur investment
…secure energy supply
…bring down GHG emissions
An opportunity to..
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CLEAN ENERGY FOR ALL EUROPEANS
Assistance and aggregation
De-risking
MAJOR GOALS
More effective use of public funds
THE "SMART FINANCE FOR SMART BUILDINGS" INITIATIVE…
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CLEAN ENERGY FOR ALL EUROPEANS
17 bn EUR for energy efficiency
2014-2020 315 bn EUR
(24 % for energy)
… IS BUILT ON
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CLEAN ENERGY FOR ALL EUROPEANS
Viable projects
• Tailor made
• Off-the-shelf
• EU level
Financial Instruments
• Leverage effect
• Revolving nature
• Competitiveness and quality
Market failures, vulnerable consumers
Grants/ tax schemes
• Targeted support to
solve specific
market issues
More effective use of public funds
Capacity building
• FI Compass, SEI Forums
Favour public investment
Flexible financing platforms
• Accounting rules and update
Eurostat guidance
• Up-scaled EIB debt financing via
EFSI
• Risk-sharing mechanisms
• Technical expertise and
assistance
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CLEAN ENERGY FOR ALL EUROPEANS
Investable and aggregated projects
PDA
provides
access
to:
Reinforce EU Project Development
Assistance (PDA)
Encourage local/regional one-stop-
shops
Audit
Decision
Work
supervision Financing
solution
Energy
Performance
tracking
Project Promoters
(e.g. cities) Contact
Aggregation and Assistance
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CLEAN ENERGY FOR ALL EUROPEANS
Energy efficiency financing, a win/win
situation also for financiers and investors:
More reliable cash flows
Increased asset value
Risk reduction
increased business opportunities
Refinancing opportunities
open source database to disclose real
performance data of real investments
projects
A consensual framework for the
underwriting of investments for energy
efficiency
De-risking
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CLEAN ENERGY FOR ALL EUROPEANS
Sustainable Energy Investment Forums
A series of regional and national events to:
1. Create momentum on sustainable energy finance
2. Building capacity on developing and sustainable
energy investments
3. Create an EU networking on sustainable energy
investments and financing
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CLEAN ENERGY FOR ALL EUROPEANS
12 #EnergyUnion
Thank you!
PAULA REY GARCIA
Team Leader- Buildings and Finance
DG ENER, European Commission
https://ec.europa.eu/energy/en/news/commission-proposes-new-rules-consumer-
centred-clean-energy-transition