On 25 September 2024, the event “Financing Energy Efficiency” brought together experts from EU institutions, civil society, and the private sector to discuss about financing energy efficiency (EE) improvements across Europe. As the EU prepares for the revision of the Multiannual Financial Framework (MFF) in 2025, the conversation centered around how to mobilize sufficient resources, improve the implementation of existing funds, and engage private investors to meet the EU’s energy transition goals.

Moderated by: Monica Frassoni, President, EUASE

Speakers:
Olivier Vardakoulias – Finance and Subsidies Policy coordinator, CAN Europe
Robert Nuij – Deputy Head of Unit for energy efficiency policy and financing, DG ENER
Myriam Bovéda- Team Leader for Sustainable Growth, DG REGIO

The event provided an interesting yet non-exhaustive overview of the challenges and opportunities in financing energy efficiency within the EU. As the MFF revision approaches, stakeholders must work together to ensure that public and private resources are aligned with the EU’s energy efficiency goals.

Key recommendations include:

• Eliminating fossil fuel subsidies within national energy efficiency programs.
• Expanding the One-Stop Shop model to provide more accessible technical and financial support across Member
  States.
• Introducing new financial instruments to support energy-poor households and low-income homeowners.
• Increasing consumer awareness and providing measurement of real performance of energy efficiency improvements
  and its benefits to drive demand for green mortgages and zero-interest loans.
• Continuing to mobilize the private sector to ensure that energy efficiency projects are fully funded and successfully
  implemented.

 Read the full event report here.