Financing Energy Efficiency: A practical guide for policymakers
Held in Brussels, November 2012
The seminar took a very practical look at some of the more innovative large scale financial instruments developed to date and assess the challenges involved in securing different sources of finance (public and private) for energy efficiency investments.
The morning session was opened by Seán Kelly MEP, followed by Marie Donnelly, Director of Energy Efficiency and Innovation at DG Energy, who provided an update on the Energy Efficiency Directive and on the forthcoming report on financing energy efficiency in buildings. In the second part, several successful larger scale projects from across the EU were presented, with the speakers providing an insight in what had to be done to secure both national and European funding, highlighting successful attempts to draw down Structural Funds and blend with other sources of finance to support projects. A panel discussion rounded off the morning session. It focused on the role of bottom-up regional efforts to meet national energy efficiency targets, and the role that national government can play in creating an enabling environment to allow investment to flow.
The afternoon session was hosted by Claude Turmes MEP and the focus was on innovation in financial products. This session explored in detail three different structures developed by public banks in the EU. A broader panel discussion focusing on the forward role of public funding, especially around technical assistance, in supporting the development of demand for energy efficiency followed. The interplay between public and private financing was also discussed.