Amidst the second wave of the COVID-19 pandemic, the evolutions in the energy policy in the EU are ongoing and Member States are finalizing their plans for the Recovery Package. These plans include a great deal of supporting energy investments and they should contribute directly to the fulfilment of the EU Green Deal goals.
In the State of the Energy Union report, the EU recognizes that despite the progress of decoupling growth from greenhouse gas emissions, in view of the new climate ambition for reducing emissions by 55% by 2030, more actions at all levels of renewable energy and energy efficiency are required within the Energy Union to achieve climate neutrality by 2050. This is particularly true for energy efficiency, the final energy consumption has fallen by 5.9% (as of 2005) and investments in this field have generated 964,000 jobs.
The COVID-19 period has decreased further the energy demand, but no real structural effects have taken place, and this can signal a rapid increase of energy use after the COVID-19 period, endangering to some extent the clean energy transition envisaged. To this end, the role of EU-funded projects under various programmes is of utmost importance to support the Member States to stay on track or re-align their energy transition pathways.
In the uncertainty gap that the pandemic will leave to the EU energy market, this type of support, which is based on solid data and experience-sharing will facilitate the decision-making processes of Member States in overcoming the structural difficulties of energy efficiency and renewable energy, but also in complying with the new rules and ambitions for the EU Recovery Package funding streams.
IEECP, in its five years of existence, being in the middle of this process through its various H2020 projects with a valued partnership of institutes, energy agencies, ministries, market players and consumers, will continue to assist directly all Member States to achieve these targets.
In this newsletter, you can find how our projects contribute to the capacity building activities for the Energy Efficiency Directive (Articles 3, 7 and 8), on the alleviation of energy poverty and on the role of business models for energy efficiency.