“As we approach the autumn season, Europe stands on the brink of a decisive momentvwith the negotiations on the Energy Performance of Buildings Directive gaining speed. Amidst this backdrop, Europe’s commitment to putting energy efficiency first is paramount,” says Luigi Petito of the European Alliance to Save Energy (EU-ASE) in Foresight Climate & Energy, ahead of the second edition of European Energy Efficiency Day.
The gains made by efficiency investment outweight the upfront cost.
In 2019, the European Union set its sights on achieving climate neutrality by 2050. This was put into action through the European Climate Law. This not only enshrined the objective within the EU’s legal framework but also charted a course for an interim target—a reduction of greenhouse gas emissions by no less than 55% by 2030 compared to the 1990 baseline, on the trajectory toward 2050.
The seismic geopolitical events of 2022, marked by Russia’s invasion of Ukraine, have acted as a catalyst for Europe’s energy agenda. More than five hundred days since the beginning of the war, a consensus has emerged—an imperative to accelerate Europe’s transition towards decarbonisation, thereby diminishing Europe’s reliance on fossil fuels.
Within this context, a response to the energy crisis materialised through the REPowerEU package, outlining the strategic goal of liberating the EU from its dependence on Russian fossil fuels well before 2030.