FinanceFinance
Catherine Cooremans and other colleagues in her Multiple Benefits project provide some answers in a short video that lays out the problems and some of the solutions. In the EEFIG survey, there are many suggestions from standardised contracts to better regulations to better sharing of best practice. The Financial Times recently had an article that too many boardrooms are climate incompetent. Join us at the upcoming EEFIG plenary. You can register here. Join us to ensure senior management gets it. Hopefully that means getting more board members who have an appreciation for the strategic importance of reducing energy consumption through efficiency improvements. This This also means that our public authorities need to get it and our financial community needs toget it. That is why I am with Energy Efficiency in Industrial Processes (EEIP) and why EEIP is working with EEFIG. and we are all in this together. Click here to register here to get energy efficiency is not difficult, it is a tall task.
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Showcasing the need to improve energy performance of industry
European Commission presented its European Green Deal investment Plan. Plan expects to mobilise at least €1 trillion of sustainable investments over the next decade. The strategy includes a dedicated strategy for small and medium-sized enterprises (SMEs).
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Powering an Energy Efficient Future
I moderated a webinar on energy efficiency for the IPFA as part of their energy transition series. This may be the last in the series but believe me, this is the most important element of the energy transition. I tend towards a fundamental position.
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Europe’s steel industry and the need to decarbonise
Europes steel industry needs a credible plan to go green, says Ben Jones. The costs of decarbonising its operations would cost up to €40bn. Jones raises a question whether consumers will be demanding greener steel and be willing to pay for.
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How do we finance industrial energy efficiency?
The EU has focused on the Emissions Trading System to bring results but it has not been that successful in achieving energy efficiency. This week the Energy Efficiency Financial Institutions Group (EEFIG) will have a meeting of a new Working Group on industrial energy efficiency.
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Going DEEP
The Energy Efficiency Financial Institutions Group (EEFIG) has over 15,000 projects. They provide a good indication of the risk factors involved in energy efficiency. The website has been updated to show Internal Rate of Return (IRR)/ Net Present Value.
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Investing in improving energy efficiency is industry's chance to be part of the post-pandemic economic recovery
The European Commission presented its European Green Deal investment Plan. The plan is to mobilise at least €1 trillion of sustainable investments over the next decade. In March 2020, the Commission also published its industrial strategy. It aims to reduce red tape .
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Reflections on the recent 2020 EEFIG plenary
The Energy Efficiency Financial Institutions Group (EEFIG) held its annual plenary session in Brussels. EEFIG was established in 2013 by the European Commission Directorate-General for Energy (DG Energy) and the United Nations Environment Programme Finance Initiative (UNEP.
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How Energy Efficiency and Renewables will benefit from COVID-19
Since 1900 only three events had a greater impact on global energy demand than COVID-19: the Spanish flu, the Great Depression and World War II. Can we already predict the near and/or long term impact? Likely not. But we need.
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Central banks need to prepare for climate change
There is mounting evidence that climate change and environmental degradation pose an existential threat. Climate change drives policy-makers into a state of self-examination, says Andrew Hammond. He asks: Is the hallowed principle of ‘market neutrality still relevant in light.
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