Page 16 - European Energy Innovation - Winter 2016 publication
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16  Winter 2016 European Energy Innovation


With Targets to be reached,
Energy Efficiency is Key

By Seán Kelly MEP (pictured)

                To most people, increasing
                                                                                                                                 Energy Efficiency represents
                                                                                                                                 an obvious policy choice
                                                                                                                                 both for economic and
                                                                                                                     environmental reasons. Reducing
                                                                                                                     our energy use means lower energy
                                                                                                                     costs for consumers, it means less
                                                                                                                     dependence on external energy
                                                                                                                     suppliers, and it means a reduced
                                                                                                                     carbon footprint by cutting our
                                                                                                                     Greenhouse Gas (GHG) emissions.

                                                                                                                     Add to this the boost to employment
                                                                                                                     levels that Energy Efficiency can
                                                                                                                     bring to the construction sector by
                                                                                                                     increasing the demand for building
                                                                                                                     renovations and it becomes evident
                                                                                                                     that benefits of striving for a more
                                                                                                                     Energy Efficient system are multiple.

                                                                                                                     However, for a number of reasons,
                                                                                                                     investment in energy efficiency is not
                                                                                                                     at the level it should be. The relative
                                                                                                                     longer payback time of an Energy
                                                                                                                     Efficiency investment, along with
                                                                                                                     difficulties in accessing finance, and
                                                                                                                     indeed the general lack of awareness,
                                                                                                                     has hindered progress on this issue.

                                                                                                                     As we move into a crucial period here
                                                                                                                     in Brussels in which we will work on
                                                                                                                     the reviews of the Energy Efficiency
                                                                                                                     Directive, the Electricity Market Design,
                                                                                                                     the Renewable Energy Directive, the
                                                                                                                     Energy Performance of Buildings
                                                                                                                     Directive, while at the same time
                                                                                                                     working on the legislation to ensure
                                                                                                                     emissions reductions are achieved
                                                                                                                     in the ETS and non-ETS sectors up
                                                                                                                     to 2030, I feel it is crucial that we
                                                                                                                     get the balance right to ensure the
                                                                                                                     complementarity of all parts of this
                                                                                                                     legislation, and that includes helping

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