European ESCO Market Report available now
07. 07. 2014
The European Commission DG JRC analyses and researches the activities and development of ESCO as part of Scientific & Technical Reference System on Renewable Energy and Energy End-use Efficiency in order to provide accurate information to policy makers, experts and other interested parties. The latest ESCO Market Report for the EU Member States and neighbouring countries, relative to the market situation in year 2013, is now available.
The report concludes that the current forecasts regarding the 2020 target for energy efficiency is on the way to being achieved. The Commission does not intend to propose new measures but calls on the Member States to step up their current efforts to ensure collective delivery of the 2020 target. The Commission will complement these efforts with appropriate guidance and dissemination of best practice to ensure full exploitation of the available Union funds.
The Commission's Communication on a 2030 policy framework for climate and energy identified a level of energy savings of 25% as part of a strategy to deliver the 40% greenhouse gas emission reduction target in the most cost-effective manner. However, given the increased relevance of bolstering EU energy security and reducing the Union's import dependency, the Commission considers it appropriate to propose a higher target of 30%. This would increase the costs of the 2030 Framework by €20 billion per annum but would still deliver tangible economic and energy security benefits.
You can download the full report here.
