Welcome - and goodbye (27/06/2023)

Welcome to the final EEFIG newsletter

Welcome to the final EEFIG newsletter (27/06/2023)

Welcome to the final EEFIG newsletter

Brochure to download (27/06/2023)

Brochure to download

Working Group News (27/06/2023)

Stay updated on the final four EEFIG working group reports on the links below.

Collecting and monitoring data on energy efficiency investments and financing across EU Member States and targeted economic sectors. (27/06/2023)

Collecting and monitoring data on energy efficiency investments and financing across EU Member States and targeted economic sectors.

Soon to be published: Stimulating Consumers’ Demand for Energy Efficiency Investments (27/06/2023)

Soon to be published: Stimulating Consumers’ Demand for Energy Efficiency Investments

Soon to be published: Multiannual Financial Framework (27/06/2023)

Soon to be published: Multiannual Financial Framework

Soon to be published: Applying the energy efficiency first principle in sustainable finance (27/06/2023)

Soon to be published: Applying the energy efficiency first principle in sustainable finance

All reports and Working Group activities (27/06/2023)

All reports and Working Group activities

A recap of the EEFIG EUSEW23 and 10-year anniversary events (27/06/2023)

Revisit the EEFIG session at EUSEW 2023

DEEP expanded with 50% more projects (27/06/2023)

DEEP expanded with 50% more projects

Stay updated on Energy Efficiency (27/06/2023)

Stay updated on Energy Efficiency

Dear members, (24/05/2023)

Dear members,

Celebrate EEFIG with us (24/05/2023)

Celebrate EEFIG with us

We are looking forward to seeing you! (24/05/2023)

We are looking forward to seeing you!

Welcome to the EEFIG spring 2023 (23/03/2023)

We are now well into 2023 – a year that has already brought us progress in the Fit for 55 package files related with energy efficiency.

Welcome to the EEFIG spring 2023 newsletter (23/03/2023)

We are now well into 2023 – a year that has already brought us progress in the Fit for 55 package files related with energy efficiency.

Energy Efficiency Directive Recast (27/03/2023)

On March 10, 2023, the Commission welcomed the provisional agreement between the European Parliament and the Council on the Energy Efficiency Directive.

Energy Performance of Buildings Directive Recast (27/03/2023)

On March 14, 2023, MEPs adopted their position on the Energy Performance of Buildings Directive and are now in a position to enter negotiations with Council to agree on the final shape of the text.

Article: On the importance of people and processes (27/03/2023)

We sat Peter Sweatman down for an interview to get a perspective on the importance of Working Groups and EEFIG members over the last 10 years. This article is our tribute to all EEFIG members for their accomplishments and hard work.

Article: How we picked up the fruit of energy efficiency (27/03/2023)

Again, we let Peter Sweatman summarize the highlights from the last 10 years of working with energy efficiency financing in EEFIG, what EEFIG is currently doing and what we can expect of the area in the future. This article tells the story of EEFIG from before its convening to its future legacy.

Join EEFIG at EUSEW 2023 (27/03/2023)

For the third consecutive year, EEFIG will be present at the European Sustainable Energy Week (EUSEW) with the organisation of a session included in the Policy Conference.

Input for survey by the European Banking Authority (EBA) (27/03/2023)

The European Banking Authority (EBA) has launched an industry survey to receive input from credit institutions on their green loans and mortgages as well as market practices related to these loans. The purpose of the survey is to collect both quantitative and qualitative information the EBA can use to advise the European Commission. The work is part of the Commission’s strategy for financing transition to a sustainable economy.

Final reports expected to be published April-June 2023 (27/03/2023)

Three reports to be published

On Energy Efficiency Investments (27/03/2023)

Discussions regarding sustainable energy investments are in EU are flourishing at the national level with SEI FORUM, National roundtables, Horizon 2020 and LIFE CET-projects. Learn more about the progress in helping to scale up investments on energy efficiency around EU.

Thank you (27/03/2023)

Thank you for showing interest in the work of EEFIG and for diving into this newsletter. We hope you will stay tuned for our closing activities until June and the final WG reports in late spring.

Welcome to the last EEFIG newsletter of 2022 (16/09/2022)

With the end of 2022 fast approaching it is time to hear some news about energy efficiency and what EEFIG has been up to. Since last time you heard from us, we have news from our attendance at EUSEW and CoM IF, our contribution to the AUNA Forum report, and a sneak peek of the New Industry Report as well as the first brief details on what 2023 may bring – all of which you can read much more about in this Winter newsletter.

News from EEFIG’s attendance at EUSEW (08/12/2022)

A tour-de-force in energy efficiency as the centre of the EU strategy for energy security and independence from EEFIG’s successful session at EUSEW 2022...

Update on EEFIG’s presence at COMIF (08/12/2022)

EEFIG was represented at the Covenant of Mayors Investment Forum – Energy Efficiency Finance Market Place (in short COMIF-EEFMP) in Brussels back in October...

Introduction to the AÚNA Forum report (08/12/2022)

The AÚNA Forum report shows the work and effect that EEFIG has on the energy efficiency finance landscape throughout Europe...

EEFIG news winter 2022 (13/12/2022)

Read the news articles in full length here.

European Energy Efficiency Financing Coalition (08/12/2022)

European Commission preparing the launch of a high-level European Energy Efficiency Financing Coalition

The latest New Industry Report (08/12/2022)

The latest New Industry Report

Thank you for your time and interest (08/12/2022)

Thank you for your time and interest

Report on the Evolution of Financing Practices for Energy Efficiency in Buildings, SME’s and in Industry (16/09/2022)

The report contains a full update of the landmark 2015 EEFIG lexicon to set the stage for the EU policymaking frame for energy efficiency investments.

Final report on risk assessment (16/09/2022)

This EEFIG working group has uncovered and robustly assessed evidence from nearly a million mortgages in Europe and found a significant statistic correlation between energy efficiency and credit risk. In the report “The quantitative relationship between energy efficiency improvements and lower probability of default of associated loans and increased value of the underlying assets”, recommendations for further work in this area are identified. Read more about the conclusions in the full report.

Join EEFIG at EUSEW 2022 (16/09/2022)

For the second consecutive year, EEFIG will be present at the European Sustainable Energy Week (EUSEW), this time with the organisation of a session included in the Policy Conference of EUSEW. You can join the public event “Financing Energy Efficiency 1st for Fit for 55 - The Role of Financial Institutions” (Wednesday 28 September 2022 from 11:30 to 13:00) either online on Teams or onsite at the Charlemagne Building (Brussels). Learn more and register now!

Call for Proposals 2022 - LIFE Clean Energy Transition (CET) (16/09/2022)

We are glad to announce that the European Commission has published LIFE Clean Energy Transition (CET) Call for Proposals 2022. The deadline to submit a proposal is 16 November 2022, 17:00 Brussels time. Get additional guidance on the LIFE CET page

Closing paragraph (16/09/2022)

We will round off by thanking you for the hard work and contribution to positioning EEFIG at a pivotal place when it comes to shaping Europe’s Energy Policy. Many exciting tasks are lined up for EEFIG and we are looking forward to sharing updates with you again soon.

Welcome (17/12/2021)

Below you will find selected updates on EEFIG activities. EEFIG would be nothing without its members, and on this occasion we would like to express our hearty thanks to all your contributions and support. All the best for the coming holidays, and in the next year and EEFIG Secretariat is looking forward meeting you at EEFIG 2022 Plenary.

EEFIG Steering Committee Member interview: Adrian Joyce, Secretary General, EuroACE (17/12/2021)

The support and networking opportunities that EEFIG has offered us for our work over its nearly 10 years in existence is invaluable.

Evolution of financing practices for energy efficiency in buildings, SMEs and in industry (17/12/2021)

EEFIG's working group on best practises in financial instruments for energy efficiency has published an update to the landmark 2015 EEFIG Report with a progress review and renewed recommendations by segment and instrument category.

EEFIG work on risk assessment: - View from a member: Luca Bertalot, Secretary General, the European Mortgage Federation (17/12/2021)

Update on the EEFIG work on the quantitative relationship between energy efficiency improvements and lower probability of default of associated loans and the increased value of the underlying assets.

What’s new at EEFIG – three new working groups getting underway (17/12/2021)

Update on the three new EEFIG working groups that are taking their initial steps and that will be active over the next 18 months.

EEFIG Events: EUSEW and COP26 (17/12/2021)

EEFIG at EU policy conferences in Brussels and Glasgow.

Blog: Eric Usher - What Makes a Credible Net Zero Commitment (17/12/2021)

How significant the net-zero objective has become for the finance industry, and what’s needed to make this a credible game changer going forward.

Blog: Remco Fischer - COP26: - The Moment Private Finance Promised to Lead (17/12/2021)

Review of the outcomes of COP26 and why ultimate climate success or failure depends on leadership from the private and the public sectors coming together.

Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark? (17/12/2021)

A personal blog by EEFIG Rapporteur reflecting on energy efficiency discussions at the COP26

EEFIG: Welcome to Summer Newsletter (05/07/2021)

Welcome to the EEFIG summer newsletter. In this edition, we are happy to present the redesigned new DEEP 2.0 (De-risking Energy Efficiency Platform) database. Furthermore, this edition follows a busy period of intensive work by EEFIG Working Groups, more of which below. Two new members of the Steering Committee outline their work and their expectations from EEFIG. Finally, we included great news from UNEP FI. Follow our EEFIG website for regular update on our activities.

Improved platform for monitoring energy efficiency financing – DEEP 2.0 (05/07/2021)

The European Commission launched an improved and updated version of the EEFIG's “De-risking Energy Efficiency Platform” (DEEP). DEEP 2.0 is an open-source database for monitoring and benchmarking energy efficiency investment performance. The database currently includes over 17 000 energy efficiency projects from 30 providers.

Joining EEFIG Steering Committee: Mihaela Nadasan, Banca Transilvania (05/07/2021)

During the last couple of years, Banca Transilvania has drawn-up own lending products for both SME and retail clients, the energy efficiency component being rewarded within own lending scoring models. Meet our new steering commitee member.

Joining EEFIG Steering Committee: Elisabeth Minjauw, BNP Paribas Fortis (05/07/2021)

Energy efficiency financing is really important to BNP Paribas. BNP Paribas considers its duty to contribute to a better future, bringing together diverse players in order to direct the financial capital to projects that address the issue of climate change, and more broadly, sustainable economic development.

Are energy efficient borrowers less risky? (05/07/2021)

Establishing a quantitative relationship, a correlation or ideally a causation between energy efficiency and lower credit risk can help to provide a business case for lenders to focus on asset energy performance. This could lead to more origination of energy efficiency loans and mortgages.

Investing in health and social benefits: boosting sustainable renovation in the residential sector (05/07/2021)

Linking multiple benefits to ESG risk management or capturing broader policy objectives and social impact categories can facilitate the identification, measurement, monetisation, as well as explicit targeting of multiple benefits by financial institutions.

EEFIG Industry: Decarbonising energy intensive sectors (05/07/2021)

The potential to improve energy performance in industry is very high, but also complicated to realise, due to the nature of investments in central manufacturing processes and utility systems. The last two years have seen a change in the dialogue on energy efficiency in the European energy intensive industry from an operational optimisation opportunity to a strategic objective.

Eric Usher: Banks are finally out of the blocks in the race to net-zero (05/07/2021)

The global banking community has taken a significant step in catching up. Convened by the UN, the industry-led Net-Zero Banking Alliance (NZBA) was founded in late April by 43 banks from 23 countries across five continents, with assets of US$28.5 trillion.

Launch of UNEP FI Real Estate Impact Analysis Tool (05/07/2021)

Building on the UNEP FI Positive Impact Real Estate Investment Framework and based on the 22 impact areas of the UNEP FI Impact Radar. This new tool will allow for single asset as well as portfolio level analysis and will be applicable for new developments and exiting assets.

Launch of UNEP FI Investment Portfolio Impact Analysis Tool (05/07/2021)

The Investment Portfolio Impact Analysis Tool allows fund and portfolio level analysis, covers several asset classes (including fixed income, equity and real estate) and includes several new mappings.

Your subscription / disclaimer (29/03/2021)

You receive this e-mail because you had in the past provided your e-mail address to DG Energy or registered for an EEFIG event. Follow the link for the privacy statement. If you don't want to receive any further e-mail, please edit your profile (see the footer of the newsletter).

Welcome to the EEFIG Spring Newsletter (29/03/2021)

Welcome to our spring newsletter and what a busy period the last three months have been. With the annual plenary in February and multiple meetings of EEFIG working groups there has been no slowdown. Below you will find selected updates. Follow our EEFIG website for regular view of our activities.

EEFIG’s 2021 Plenary (29/03/2021)

The annual plenary meeting 2021 took place on 9-10 February. It was a novelty in two aspects: being held virtually and open to the public. High level speeches followed by a review of on-going work and a discussion on the EEFIG priorities.

InvestEU: Investment guarantees for the European Green Deal (29/03/2021)

The InvestEU Programme will bring together, under one roof, the European Fund for Strategic Investments and 13 other EU financial instruments. Triggering more than €372 billion in additional investment over the period 2021-27, the InvestEU Programme aims to give an additional boost to sustainable investment, innovation and job creation in Europe.

Integrated home renovation services in Europe (29/03/2021)

On 26 February, the European Commission hosted a Sustainable Energy Investment Forum (SEI Forum) webinar on integrated home renovation services, e.g. one stop shops, in Europe. Integrated home renovation services help homeowners navigate the complex process of home renovation. Many best-practice projects were presented.

UNEP FI: 26 banks test the application of the EU taxonomy to core banking products (29/03/2021)

UNEP FI is the co-convener of EEFIG. UNEP FI and the European Banking Federation (EBF) have launched a unique report assessing the extent to which the EU Taxonomy on Sustainable Activities could be applied to core banking products for labelling or disclosure purposes.

UNEP FI: Aligning finance for the net-zero economy: Thought leadership papers (29/03/2021)

UNEP FI is continuing its partnership with EIT Climate-KIC to bring some of the world’s leading thinkers to contribute to a series of thought leadership papers. The aim is to inspire financial actors worldwide to move from risk to alignment, challenge current assumptions around climate alignment and develop ideas and concepts on how alignment can best be achieved. Two latest papers published are “Innovation and Transformation: What it will take to finance net zero” and “Finance 2030: A Time Travel Exercise”.

Save the dates (29/03/2021)

EEFIG is participating with a session at the Covenant of Mayors Investment Forum - Energy Efficiency Finance Market Place and EU Sustainable Energy Week 2021.

Op-ed by Peter Sweatman: ‘Making the Renovation Wave work in three simple steps’ (29/03/2021)

The energy performance of most buildings in Europe is poor, as three quarters of European buildings were built before construction codes considered energy performance. These older buildings are where we live and work, and are a legacy which will remain standing when the EU buildings stock will need to be carbon neutral in 2050. The EU’s Renovation Wave strategy calls for the energy efficient renovation of 35 million buildings in the next decade with an estimated total investment need of Euro 900 billion. This article describes how to achieve this in three steps. [The author is the Chief Executive of Climate Strategy & Partners and EEFIG Rapporteur.]

Op-ed by EuroACE: ‘Don’t let our most valuable assets crumble away’ (29/03/2021)

The buildings that support our way of life are worth trillions of euros yet fears about how to fund energy renovations are stalling the sector’s green progress. There is plenty of cash out there looking for a home, you just need to know where to look. [The author, Adrian Joyce, is Director of EuroACE and EEFIG Steering Committee member.]

Welcome to the new EEFIG website (12/11/2020)

We have launched our new website that provides a wide range of information. We would like to take this opportunity to thank all EEFIG members for their support and we wish you a happy and healthy holiday season. Working closely with many of you has been a pleasure, and we look forward to further engagements with the growing EEFIG community in December and in 2021.

EEFIG Annual Survey (14/12/2020)

To better understand the views of the greater EEFIG community in order to get the reaction of current activities and their impact together with getting the views on the future direction, the annual survey is being undertaken in preparation for the EEFIG Plenary 2021 next February. Follow the link for more:

EEFIG Plenary 9-10th Feb 2021 (09/02/2021)

EEFIG organises annual plenary meetings that are open to all members and interested parties. The next plenary is taking place on 9-10 February 2021 in virtual format.

Update on Taxonomy and Tagging (12/11/2020)

The Taxonomy and Tagging EEFIG Working Group provided a useful additional point of contact between practitioners, both in finance and energy efficiency.

2,000 energy efficiency projects added (17/11/2020)

EEFIG developed the De-risking Energy Efficiency Platform (DEEP) so that completed projects can be analysed to give more investor confidence.

Discussing energy efficiency investments in industry (12/11/2020)

EEFIG Working Group Industry is outlining the best practices, formulating general and specific recommendations.

ING publishes second progress report on climate alignment (12/11/2020)

ING publishes its second progress report on Terra, ING’s approach to steer its €600 billion lending book in line with the well-below two-degree climate goal of the Paris Agreement.