The Energy Efficiency Financial Institutions Group (EEFIG) today launched its landmark report entitled “Energy Efficiency – The First Fuel for the EU Economy” which is expected to mark the start of a significant increase in the rate and flow of investments into energy efficiency across the EU, especially in buildings.
“The involvement of a large number of financial institutions in the preparation of the EEFIG Report is a clear signal that the confidence of the financial sector in energy efficiency as a high grade investment is increasing” explained Adrian Joyce, Secretary General for EuroACE. “At a time when the European Commission is about to deploy a new Investment Plan for Europe with the Juncker Package, this EEFIG Report is very timely in explaining that market forces and financial institutions are increasingly ready to take the challenge of renovation”.
A key stakeholder in the EEFIG work, EuroACE recognizes the strong added value of this Report in spreading abetter understanding of the range of effective financial instruments that already exist, or are in development for the buildings sector, across the EU.
EuroACE believes that the report could be instrumental in boosting the second version of renovation strategies (article 4 EED) awaited for 2017, if its recommendations are properly taken on board by the Member States.