The Commissioner for Energy, Kadri Simson, and Energy Ministers from all 27 EU Member States signed a Joint Declaration on energy efficiency financing and the European Energy Efficiency Financing Coalition. Emphasizing the need for private investment in energy efficiency, the Declaration aims to establish a long-term funding framework.
This marks the initial step toward forming a coalition involving the Commission, Member States, and Financial Institutions, focusing on creating a conducive market for energy efficiency investments and increasing private funding to meet EU energy and climate targets for 2030 and 2050.
The Coalition finds its legal base in Article 30 of the Directive (EU) 2023/1791 on energy efficiency (EED). Article 30 aims to increase the cost-effectiveness of public budget support and sustain private investments in energy efficiency measures.