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The voice of EEFIG community

EEFIG report

EEFIG Report

In February 2015, the Energy Efficiency Financial Institutions Group (EEFIG) published the landmark report 'Energy Efficiency – the first fuel of the EU Economy' which provided a significant advance in the understanding and knowledge about the issues of energy efficiency financing.

The findings of the EEFIG Report has contributed to actions such as G20 commitments and the European Commission has taken the report in full consideration for the implementation and development of energy efficiency related policies over the past five years. It contains recommendations on a range of actions that could help overcome the current challenges to scaling-up long-term financing towards energy efficiency. Recommendations are directed towards government at the national and EU level and towards the financial community, in particular.

The EEFIG Report highlights that:

  • Energy efficiency investments are strategically important for the European Union
  • Historic levels of public-private collaboration are required
  • Lack of evidence on the performance of some energy efficiency investments make the benefits and the financial risk more difficult to assess
  • Lack of commonly agreed procedures and standards for energy efficiency investment underwriting increases transaction costs
EEFIG Final Report
(2.75 MB - PDF)

Many of its recommendations are still valid today. Furthermore, the current working group focused on the evolution of financing practices is working on an update to this report findings.

More links:

Main report recommendations

Energy performance certificates of buildings should be improved and funds for energy efficient investments at EU and national level should be streamlined, according to a new report on boosting finance in energy efficiency investments in buildings, industry and SMEs.

EEFIG, an expert group set-up by the European Commission and United Nations Environment Programme Finance Initiative identifies a "very strong economic, social and competitive rationale for the up-scaling of energy efficiency investments in buildings and industry in the EU". It points out that investment in energy efficiency is of strategic importance for the EU since it is a "cost effective manner to reduce the EU's reliance, and expenditure, on energy imports over €400 billion a year."

The report by EEFIG Group, which was published on 26 February 2015, contains recommendations on a range of actions that could help overcome the current challenges to obtaining long-term financing for energy efficiency.

Click on the categories below to see EEFIG report recommendations: