2030: Europe Regional Network Outlines Need for Investment Certainty

The Europe Regional Network of WorldGBC has today written to Energy and Environment Ministers outlining the need for a coherent set of legally binding targets within the EU's 2030 Climate and Energy Framework.

The letter from the Network notes that three targets for 2030 are needed, for energy efficiency, greenhouse gas reductions and member state renewable quotas, alongside a sector energy efficiency target for buildings. A number of EU countries are currently pushing for a single greenhouse gas target to replace the current '20-20-20' targets within the EU's 2020 framework, though the European Parliament has supported a three target approach.

James Drinkwater, Senior Policy Advisor to the Network, said, "This is a matter of certainty for the companies investing in products and services that can transform our energy system for good. They need to know that EU policy-makers support their business models over the long-term so that they can create new facilities and jobs in the region without fear of having to cut this all back in the event national policies change. Many of our members are focused on unlocking the energy efficiency potential of the building sector, which is a complex issue that needs long-term political backing as well as market based solutions."

Joanne Wheeler, Chair of the Network's Policy Task Force, said, "The buildings sector has long been recognised as the sector with the greatest potential for cost effective climate action which will save money for businesses and householders. However, significant market barriers persist, and this means that industry needs long-term policy signals in order to invest and deliver greener buildings. A sector energy efficiency target would help focus minds across both public and private sectors, helping deliver buildings that are fit for the 21st century."

To view the letter click here.
Download this news article here.

The Europe Regional Network of WorldGBC has today written to Energy and Environment Ministers outlining the need for a coherent set of legally binding targets within the EU's 2030 Climate and Energy Framework.

The letter from the Network notes that three targets for 2030 are needed, for energy efficiency, greenhouse gas reductions and member state renewable quotas, alongside a sector energy efficiency target for buildings. A number of EU countries are currently pushing for a single greenhouse gas target to replace the current '20-20-20' targets within the EU's 2020 framework, though the European Parliament has supported a three target approach.

James Drinkwater, Senior Policy Advisor to the Network, said, "This is a matter of certainty for the companies investing in products and services that can transform our energy system for good. They need to know that EU policy-makers support their business models over the long-term so that they can create new facilities and jobs in the region without fear of having to cut this all back in the event national policies change. Many of our members are focused on unlocking the energy efficiency potential of the building sector, which is a complex issue that needs long-term political backing as well as market based solutions."

Joanne Wheeler, Chair of the Network's Policy Task Force, said, "The buildings sector has long been recognised as the sector with the greatest potential for cost effective climate action which will save money for businesses and householders. However, significant market barriers persist, and this means that industry needs long-term policy signals in order to invest and deliver greener buildings. A sector energy efficiency target would help focus minds across both public and private sectors, helping deliver buildings that are fit for the 21st century."

To view the letter click here.
Download this news article here.