Organised by the European Commission and the Ministry of Economics of Latvia
Background: The Energy Union Framework Strategy, puts energy efficiency as one of its five dimensions and states it is to be treated as an energy source in its own right. The ambitious Paris climate agreement also underlines the importance of energy efficiency. Investments in energy efficiency have proven to be one of the most cost-effective ways to support the transition to a low-carbon economy. Not only does it help the EU in turning its climate ambition into climate action, it also brings a number of significant benefits for European citizens and companies in terms of environment, health, security of supply, lower energy bills, more jobs and sustainable growth.
To realise the full potential of energy efficiency, public funds will not suffice and private financing will have to be unlocked at scale. In that context, public authorities have an important role to play in creating more favourable investment conditions and helping consumers undertake energy efficiency investments more easily.
This event aims to share best practice from across the Baltic region and more widely in Europe on how energy efficiency can be financed. This includes the use of private funds and innovative financing instruments, notably in the building and industry sectors. Speakers will focus on practical experience in developing and structuring investment programmes and the event will allow time for debate.