This report, launched by the Energy Efficiency Financial Institutions Group (EEFIG), demonstrates the need for a high level of public-private collaboration in order to bridge the funding gap for energy savings projects.
The lack of public and private money for buildings, industry and SMEs, can lead to the fact that EU countries risked missing efficiency targets for 2020. Moreover, in order to meet the 2030 efficiency target, private investment in energy-efficient buildings renovation must increase five-fold in the next years.
Therefore, the EU has to establish incentives for private investors to contribute to this ambitious project for all the member states.
The report also recommends that the regulation setting the levels of capital financial institutions like banks must hold against risk should correctly reflect the lower risk of long-term efficiency investments.