The report highlights the importance of energy efficiency and describes the resource as “EU’s biggest energy resource and one of the most cost effective ways to enhance the security of its energy supply and decrease the emissions of greenhouse gases and other pollutants. This is why the EU has a 20% primary energy consumption saving target for 2020 and further legislation in the field.”
The report focuses on a series of key areas of focus that include accounting for the full benefit of retrofits, increase enforcement of codes and standards, access to data, and investment standardization. The report also supports increases public-private investment partnerships.
Of particular relevance to the Investor Confidence Project efforts, the report highlights ICP as an example of approaches to standardization underwriting and investment procedures for energy efficiency investments.
Matt Golden, Senior Energy Finance Consultant, attended ESCO Europe, the continent’s largest conference for energy service providers, specifically to talk about how ICP is being used in the U.S. and how adaptable it can be for the European market. Since the conference and along with the release of this report, ICP has been engaging in conversations with European stakeholders to further advance a plan to raise funds and execute a European ICP initiative.
We look forward to additional European engagement in ICP and believe that in a global economy, the more we can align our efforts the more investment and energy efficiency we will achieve.