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Decarbonizing the EU Economy: Energy Performance Contracts for Sustainable Future

Explore how Energy Performance Contracts can aid in achieving net-zero emissions by 2050 through enhanced energy efficiency strategies, focusing on buildings, public infrastructure, and financing solutions at EU and local levels.

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Decarbonizing the EU Economy: Energy Performance Contracts for Sustainable Future

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  1. How can Energy Performance Contracts help to decarbonise the European economy? The role of energy efficiency in the EU long-term strategy Paula Rey Garcia Team Leader- Energy efficiency DG Energy, European Commission

  2. The challenge- achieving net-zero greenhouse gas emissions by 2050 • This requires halving energy consumption in the EU by 2050, as compared to 2005 https://ec.europa.eu/clima/sites/clima/files/docs/pages/com_2018_733_en.pdf

  3. Long-Term Strategy Building block 1- Energy efficiency • Focus on buildings, most of the housing stock of 2050 existing already today, higher renovation rates, fuel switching • Renovation of public buildingsand public infrastructure essential, and Energy Performance Contracts a practical solution. • Adequate financial instruments, integrated policy approach and consumer engagement to sustain higher renovation rates

  4. The EU commitments for 2030 Public support alone will not be sufficient. The private sector will have to play a huge role

  5. Strengthened 2030 legal provisions Focus on energy performance contracting & ESCOs

  6. EU budget- a revised financial framework Making Energy Performance Contracting more accessible for the public sector and the local level • Dedicated financial products and instruments • Strengthening project development assistance and advisory services at EU and local level INVESTEU PROGRAMME ERDF AND COHESION FUND

  7. Encouraging these investments at local level across Europe Consolidating ‘one-stop-shops’ coupled with energy performance contracting • Dedicated local or regional one-stop-shops acting as a single ‘entry’ point for citizens and businesses • Consolidating the project pipeline through project development assistance facilities such as ELENA, or Horizon 2020 PDA • Pooling small energy efficiency investments, and match supply and demand for finance

  8. Rolling out energy performance contracting Some barriers remain • Increasing trust- among public authorities, and in the market- EU instruments under the next EU budget can play an important role • Upscaling standardisation and replicationof energy performance contracts to boost the ESCO market • Improving awareness of municipalities, cities, regional authorities, banks, financial institutions

  9. Thank you for your attention! DG ENER – Energy Efficiency:https://ec.europa.eu/energy/en/topics/energy-efficiencyState of the Energy Union:https://ec.europa.eu/commission/publications/4th-state-energy-union_enContact me: paula.rey-garcia@ec.europa.eu

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