Inputs for economic recovery, resilience and long-term sustainability

This short paper outlines the inputs of the European Alliance to Save Energy to achieve a green economic recovery, resilience and long-term sustainability in the aftermath of the Covid-19 pandemic. 

These include spending criteria and quota that should be applied in both the Recovery and Resilience Facility Regulation (RRF), currently being negotiated by the European Parliament and Council, as in the National Recovery and Resilience Plans (NRRPs).

The paper calls for prioritising investments in areas such as energy efficiency rather than lock-in resources in fossil fuel infrastructures that undermine the achievement of the Union’s climate and environmental objectives.

A key area of intervention to boost energy efficiency and cut CO2 emissions is represented by buildings. In the NRRPs, Member States should priorities cost-effective renovation programmes that foster the quality, rate, and depth of comprehensive renovations.

Technical assistance is also essential to remove the hurdles for local authorities, SMEs and corporate investments to implement energy efficiency projects and renovate the building stock.

 

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Open letter to ECON and BUDG Committees Members: A green recovery for Europe

In view of the ongoing discussion in the European Parliament on the Recovery and Resilience Facility Regulation, the European Alliance to Save Energy (EU-ASE) sent a letter to the Members of the Economic and Monetary Affairs (ECON) and Budgets (BUDG) Committees calling for a green recovery for current and future generations.

The letter states:

The Covid-19 pandemic is hitting the economy of the European Union hard. This urges a rapid, coordinated, and forward-looking response to cope with unprecedented health, economic and social consequences for all.

From a business perspective we are convinced that such response requires the EU recovery plans to support sustainable investments in projects and reforms fully aligned with the Paris agreement objectives and the goal to achieve climate neutrality by 2050. Indeed, a large number of authoritative studies and economic research1,2 show that a green recovery holds the opportunity to provide short term boost to local economies and job creation while supporting, in the long term, the modernisation of our economic system and the ecological transition.

For these reasons and in view of the current discussion on the Recovery and Resilience Facility Regulation (RRF), we call on you to follow the indications received by your colleagues of the ENVI Committee in its Opinion of 14 October 2020 and in particular to ensure that:

At least 40% of the RRF’s total budget is earmarked to finance climate actions and addresses, over the next ten years, the economic, health, environmental and social consequences of climate changes, especially on the young and future generations.

The EU Taxonomy is used to assess both the eligibility and tracking of the investments included in the national recovery and resilience plans.

The RRF supports the achievement of the energy and climate targets for 2030 and 2050. In this perspective, national recovery and resilience plans should prioritise investments in areas such as energy efficient building renovations rather than lock-in resources in fossil fuel infrastructures that undermine the achievement of the Union’s climate and environmental objectives.

 

See the full letter here

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