Landmark report signals increased investor confidence in energy efficiency

The Energy Efficiency Financial Institutions Group (EEFIG) launched its landmark report “Energy Efficiency – The First Fuel for the EU Economy”, expected to mark the start of a significant increase in investments into energy efficiency across the EU, especially in buildings.

“The involvement of a large number of financial institutions in the preparation of the EEFIG Report is a clear signal that the confidence of the financial sector in energy efficiency as a high grade investment is increasing,” explained Adrian Joyce, Secretary General of EuroACE. “At a time when the European Commission is about to deploy a new Investment Plan for Europe with the Juncker Package, this EEFIG Report is very timely in explaining that market forces and financial institutions are increasingly ready to take the challenge of renovation.”

A key stakeholder in the EEFIG work, EuroACE believed the report could be instrumental in boosting the second version of national renovation strategies (Article 4 EED) due in 2017, if its recommendations are properly taken on board by the Member States.