Stepping up private capital to advance energy efficiency: Commission strengthens partnership with EU countries, financing bodies and industry

The European Energy Efficiency Financing Coalition, comprising the Commission, EU countries and stakeholders from the private sector and financing bodies, met today to discuss future priorities and a longer-term financial injection to advance on energy efficiency. Participants called for coordinated support and energy efficiency solutions across the industry.

Over 150 participants attended today's roundtable, which aimed to strengthen the partnership and accelerate investments in energy efficiency. It was also an opportunity to welcome 41 new members representing industry and additional 19 from financial institutions.

Commissioner for Energy and Housing, Dan Jørgensen also presented the new publication 'Giving LIFE to Europe's clean energy transition', featuring 28 projects funded from the LIFE Clean Energy Transition (CET) programme and bringing tangible results in accelerating the clean energy transition on the ground.

This was the Coalition's second Roundtable, reinforcing the importance of a 3-party collaboration between industry, financial institutions, and EU countries.

Background

The Coalition is a key Commission initiative announced in the REPowerEU Plan, to help to mobilise investments for energy efficiency.

The Coalition acts as both a technical laboratory and a strategic bridge between sectors to craft approaches that match real market needs. It is uniquely positioned to mobilise private capital, strengthen the business case for energy efficiency and offer realistic and deliverable solutions.

As the EU works towards its 2030 clean energy transition goals, the Coalition is vital for creating a favourable market environment and scaling up private financing required for energy efficiency.

The work is supported by the LIFE Clean Energy Transition sub-programme that finances EU projects with a budget of €1 billion for 2021-2027.

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