Energy Efficiency is the next financial gold mine

Representatives from some of Europe’s largest investors and private enterprises joined Europe’s leading policy makers and stakeholders at a half-day workshop on February 13, 2012 in Brussels to discuss “How to mobilise private sector finance for energy efficiency”.
Organised by European Alliance to Save Energy (EU-ASE) along with the Danish Presidency of the European Council and the Danish Ministry of Climate, Energy and Building, this event marked the first time that the world of finance openly discussed the need for a robust regulatory framework for energy efficiency with some of Europe’s key policy makers and campaigners. The focus of the debate was on whether the current proposal for an Energy Efficiency Directive (EED) was the best vehicle to deliver this.

With over 100 experts from the world of finance, industry and policy, including an address from Phillip Lowe, Director General of the DG Energy of the European Commission, the discussion was enlightening, yet overall the message was clear: money matters and investors are ready to mobilize energy efficiency investments if they have certainty on their return of investment.

“The EU’s Energy Efficiency Directive – An opportunity to support business whilst reducing our dependence on foreign energy supplies”

In June 2011 the European Commission published a new proposal for an Energy Efficiency Directive. The European Alliance to Save Energy (EU-ASE), Europe’s first business led alliance on energy efficiency, had hoped that this piece of legislation would put Europe where it should be; at the forefront of the global energy efficiency market. Instead, the draft Directive does not yet provide a clear legislative framework for the EU to meet its target of 20% primary energy savings by 2020. We are where we shouldn’t be; increasingly vulnerable to energy price and availability shocks and missing out on the huge opportunity to position European business at the forefront of the new markets for energy efficient goods and services across the globe. The opportunities that a drive towards an energy efficient Europe can provide are too important to miss and therefore we all must ensure that this Directive is transformed into a stepping stone towards success.

 

 

“A Manifesto for the European Alliance to Save Energy: Energy Efficiency – Europe’s untapped energy resource”

Never before has the case for greater energy savings been so strong. Greater energy efficiency is the fastest, cheapest, safest, easiest and cleanest way to deliver climate and energy security. It is an area where businesses active in Europe excel and where the right mix of policy and business leadership can improve and protect Europe’s competitiveness. This leadership could position our enterprises to benefit from the global necessity for energy efficiency which will be critical in a resource constrained world.

Europe is at a turning point; whether to launch a determined offensive on wasted energy and to tap into the huge energy saving potential and, in doing so, breaking our addiction to fossil fuels, or to fail to take the necessary measures and leave Europe vulnerable to price shocks, political turmoil and risky energy technologies. With no binding commitment to energy efficiency for 2020 and no clear long term vision for an energy efficient economy, Europe is currently on track to remain highly vulnerable.

 

 

“The EU’s Energy Efficiency Plan raises concerns among a new Alliance of business, civil society and political leaders”

Brussels, March 8, 2011: Today the European Commission published its much awaited Plan for Energy Efficiency; a new plan that aspires to put the EU back on track with its energy efficiency objectives.

The European Alliance to Save Energy (EU-ASE), a newly formed alliance of some of Europe’s prominent energy efficiency advocates including business leaders, politicians and campaigners, raises concerns on the absence of a commitment to binding targets and to any new legislation in the plan.