EEFIG Plenary meeting 2021, 9-10 February 2021, online

NTUA (Triple-A Coordinator) participated in the EEFIG Plenary meeting 2021 that took place on 9-10 February 2021 in virtual format.
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 enhanced 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.
With a combination of keynote speeches and high-level panel discussants on current issues in energy efficiency finance, the EEFIG Plenary meeting 2021 was the occasion for participants 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.
Established in 2013 by DG Energy and the United Nations Environment Program Finance Initiative (UNEP FI), EEFIG is an open dialogue and work platform for public and private financial institutions, industry representatives and sector experts to identify the barriers to the long-term financing for energy efficiency, to propose policy and market solutions. The group has engaged more than 120 active members from about 100 organisations throughout the EU.