This year’s most important event in energy efficiency financing is coming up in two weeks. Make sure to register (see below). The Energy Efficiency Financial Institutions Group (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. This will be the occasion to discuss the good results of the different work streams in 2020 and draw up possible pathways for EEFIG in 2021 and towards the 2030 target.
EEFIG 2021 Plenary includes keynotes from Ditte Juul Jørgensen (Director-General for Energy, EU Commission) and Thomas Östros (Vice-president of the EIB) and high-level presentations from DG ENER, DG ECFIN, DG REGIO, EBRD, KfW, CITI, AXA , DWS Group, ING, European Mortgage Federation, Aquila Capital, Deutsche Bank, GNE Finance, Société Générale, Fraunhofer, Climate Strategy, d-fine and others.
With the Renovation Wave announced last October, the European Commission aims at doubling renovation rates in the next ten years and make sure renovations lead to higher energy and resource efficiency. This will enhance the quality of life for people living in and using the buildings, reduce Europe’s greenhouse gas emissions, boost digitalisation and improve the reuse and recycling of materials. However, building renovation is one of the sectors facing the largest investment gap in the EU. The Commission estimates that in order to achieve the proposed 55% climate target by 2030, around EUR 275 billion of additional investments are needed per year. In this context, EEFIG will play a key role in the activation of private-sector financing by identifying best practices and innovative approaches and helping them scale-up.
Read my blog from the last plenary in February 2020 to get an appreciation of what to expect this year.
You can register here. (note: an EU login is required first that you can create here by clicking “create account”)
Background on EEFIG
The Energy Efficiency Financial Institutions Group (EEFIG) was established in 2013 by the European Commission Directorate-General for Energy and the United Nations Environment Programme Finance Initiative (UNEP FI). EEFIG work is providing a significant contribution in accelerating private finance to energy efficiency. Our current policy focus is on the European Green Deal and within the EU Recovery Plan frameworks.
EEFIG is an open dialogue and work platform. It addresses barriers to energy efficiency financing through both policy design and market-based solutions to increase the scale of energy efficiency investments across Europe. Composed of over 300 representatives from more than 200 organisations, EEFIG’s strength are its members – spanning public and private financial institutions, industry representatives and sector experts. EEFIG works through working groups that target specific themes. Through a multi-level stakeholder dialogue, working groups identify opportunities and barriers in the long-term financing for energy efficiency, and propose policy and market solutions.
In 2015, EEFIG published the landmark report defining the issue of energy efficiency investments in the context of the EU Energy Union strategy. Since then, EEFIG launched Europe’s largest database of energy efficiency investment projects (DEEP) and an Underwriting Toolkit for financial institutions in 2017. EEFIG’s work inspired dozens of Horizon 2020 research and investment projects and is widely promoted in Member States through e.g. the Sustainable Energy Investment Forums.