Financing energy efficiency investments — reaping the benefits and addressing the associated risks

The session is organised with the Energy Efficiency Financial Institutions Group (EEFIG). It focuses on financing energy efficiency investments, and the benefits and risks associated with such investments.

On 30 November 2016 the Commission launched the Smart Financing for Smart Buildings initiative as part of the Clean Energy for All Europeans Package. The initiative promotes more effective use of public funds through innovative financing solutions, provides assistance for project development and supports activities aimed at de-risking energy efficiency investments. The Commission and EEFIG worked closely to change the perception of risk regarding energy efficiency investments. Real technical and financial performance data was gathered for thousands of energy efficiency projects across Europe and made available to the public via the De-Risking Energy Efficiency Platform – DEEP, and a guide on the appraisal of energy efficiency investments was developed.

The session is chaired by Paul Hodson (DG ENERGY). After an opening speech delivered by Vice-President Maroš Šefčovič, the EEFIG value and risk appraisal guide for energy efficiency finance and investments is presented (Steven Fawkes, EnergyPro). EEFIG's rapporteur (Peter Sweatman, Climate Strategy & Partners) then explains how this guide fits within the policy framework, and how it is connected with other elements of the Smart Finance for Smart Buildings initiative and with other EEFIG initiatives such as the DEEP database.

The second part of the session is dedicated to a panel discussion on how to attract more private financing to energy efficiency investments. The panellists are Eric Usher(UNEP FI), Katarzyna Dziamara Rzudcilo (Polish Regional Development Financing Institute), Toivo Miller (EBRD) and Isidoro Tapia (EIB). They discuss the drivers that make people invest in energy efficiency and why financial institutions might finance energy efficiency. They also present their views on the obstacles that hinder investments in energy efficiency and how they can be successfully overcome.