Report Launch: Why the transition to energy efficient and electrified buildings strengthens Europe’s economy

Panel:

  • Ciarán Cuffe, MEP (IR, Green), European Parliament
  • Daniele Agostini, Head of Energy and Climate Policies, ENEL
  • Andrea Voigt , Head of Global Public Affairs, Danfoss
  • Monique Goyens, Director General, The European Consumer Organisation (BEUC)

Introduction:

  • Femke de Jong, Project Manager Heating Buildings, European Climate Foundation

Presentation of the study’s results:

  • Stijn Van Hummelen, Managing Director, Cambridge Econometrics

Moderation and conclusion:

 

  • Monica Frassoni, President, European Alliance to Save Energy (EU-ASE)

Buildings account for 40% of the EU’s energy consumption and 36% of the EU’s energy-related greenhouse gas emissions. This is because a large number of buildings are energy inefficient and fossil fuels are still predominantly used for heating. To meet Europe’s climate commitments, the building sector will have to cut its emissions by 60% by 2030 and reach zero emissions by 2050. To date we are still lagging behind these targets.

The possible paths to energy efficient and zero-emission buildings are several, but not all of them deliver the same socio-economic advantages for our society. To help inform EU and national decision-making, the European Climate Foundation commissioned Cambridge Econometrics to model the environmental, social and economic impacts of different decarbonisation pathways for the buildings sector.

The research focused on developing scenarios that combined different levels of renovation efforts with the deployment of green hydrogen or heat pumps to move away from fossil fuels in homes.

Which pathway to zero-emission buildings can lead to a transition that strengthens the European economy, boosts employment, lowers energy imports and improves the living conditions of people, in particular lower-income households?

During this event, co-organised by the European Alliance to Save Energy and the European Climate Foundation, Cambridge Econometrics presented the main findings of the study. This was followed by a debate between policy-makers, NGO and industry representatives who shared perspectives on how the European Green Deal can help reap the significant socio-economic benefits associated with the transition to zero-emission buildings.

Read the executive summary here
Read the full report here

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IEA: Energy Efficiency 2020 Report

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BPIE: On the way to a climate-neutral Europe – Contributions from the building sector

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Council Conclusions: Special European Council, 17-21 July 2020

Main results

EU leaders agreed a recovery package and the 2021-2027 budget that will help the EU to rebuild after the pandemic and will support investment in the green and digital transitions.

We have reached a deal on the recovery package and the European budget. These were, of course, difficult negotiations in very difficult times for all Europeans. A marathon which ended in success for all 27 member states, but especially for the people. This is a good deal. This is a strong deal. And most importantly, this is the right deal for Europe, right now.

President Michel at the press conference of the European Council

The socio-economic fallout from the COVID-19 crisis requires a joint and innovative effort at EU level in order to support the recovery and resilience of the member states’ economies.

To achieve the desired result and be sustainable, the recovery effort should be linked to the traditional MFF, which has shaped EU budgetary policies since 1988 and offers a long-term perspective.

EU leaders have agreed to a comprehensive package of €1 824.3 billion which combines the multiannual financial framework (MFF)and an extraordinary recovery effort under the Next Generation EU (NGEU) instrument.

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Recommendations of the Global Commission for Urgent Action on Energy Efficiency

Convened by the Executive Director of the IEA in response to the global slowdown of energy efficiency progress, the Global Commission for Urgent Action on Energy Efficiency was established in June 2019 at the IEA’s Fourth Annual Global Conference on Energy Efficiency in Dublin, Ireland. The Commission has 23 members and is composed of national leaders, current and former ministers, top business executives and global thought leaders.

With analytical support from the IEA, Global Commission members have examined how progress on energy efficiency can be rapidly accelerated through new and stronger policy action by governments across the globe. It has developed this series of actionable recommendations to support governments in achieving more ambitious action on energy efficiency.

The Global Commission’s work comes at a critical moment in clean energy transitions around the world. Despite energy efficiency’s tremendous potential, the world is struggling to capture its full benefits. Global energy efficiency is not improving quickly enough to offset strong energy demand and CO2 emissions growth. In light of these worrying trends, there is a growing recognition by governments and leaders across the globe that efficiency efforts need to be stepped up.

In 2020, the Covid-19 pandemic has transformed the energy landscape and the priorities of governments around the world. The Global Commission’s work has been sharply focused on this new reality. Energy efficiency represents a key tool that governments can use to respond to the severe economic, environmental, and social development consequences of the crisis.

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Download the report here.

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