Reducing energy consumption is the most immediate and cost-effective way to reduce greenhouse gas emissions and to ensure security of energy supply, thereby reducing import dependency. The implementation of energy efficiency measures can also enhance industrial competitiveness, create millions of jobs, reduce energy poverty and increase comfort levels.
Therefore, together with renewable energy, energy savings are the only viable solution for decarbonising Europe’s energy system.
Since 2007, the European Union has set a 20% energy savings target for 2020 and in 2014, the European Council agreed on at least 27% energy savings target for 2030, with a view of increasing it to 30% by 2020. Both targets are non binding and therefore do not provide a strong political signal that matches the important role of energy savings. Furthermore, the ambition level of the 2030 target is nowhere near the cost effective potential for energy savings. A 40% energy savings target is needed to help Europe tap into its significant remaining energy savings potential, which in turn can deliver the full range of benefits to Europe’s economies and citizens.
At the same time, a series of policies and measures in the form of directives and regulations related to energy efficiency are already in place. Their aim is to improve energy efficiency and reduce energy demand in different sectors such as buildings, appliances and electrical equipment, vehicles and the energy supply sector. Unfortunately, alongside the weak targets, different barriers exist that hinder the implementation of energy savings policies. Such barriers include the lack of upfront finance, low awareness and information among consumers on why and how to save energy, split incentives between buildings owners and tenants.
CAN Europe focuses on underlining the primary position energy savings hold within the climate and energy political agenda for 2020 and beyond. We seek to ensure a robust energy efficiency policy framework with the appropriate level of ambition for the targets and the development and implementation of the policies and measures that can deliver the necessary savings.