The Investment Plan for Europe: Financing Energy Efficiency
The Investment Plan for Europe:
Financing Energy Efficiency
(Hosted in Dublin by European investment Bank (EIB), The Strategic Banking Corporation of Ireland (SBCI) and The Sustainable Energy Authority of Ireland (SEAI))
On the 8th November 2018 the EIB – European Investment Advisory Hub, the European Commission, the SBCU and the SEAI, hosted an event in Dublin examining how energy efficiency is financed in Europe. The Minister for Communications, Climate Action and the Environment, Richard Bruton T.D opened the event and highlighted the importance of providing low cost finance options if ambitious targets are to be met.
“We need to change how we live now, if we are to secure a sustainable future for all. This is a profound challenge to every citizen, every enterprise, every public service and every community. The reality is that our current trajectory with regard to sustainable energy use is not where it needs to be. We are making progress, but we need to do more and do it quickly. Lack of funds is one of the main reasons homeowners are not carrying out much needed energy upgrades, that’s why low-cost finance options for these upgrades are so important.” Minister for Communications, Climate Action and the Environment, Richard Bruton T.D.
Josephine Maguire (SEAI) moderated the panel on Energy Efficiency in the residential sector following presentations from Adrian Zambrano (Institutional Mandate Management, EIF) – Energy Efficiency Smart Finance for Smart Buildings Programme and Karl Purcell (SEAI) – Behavioural Insights. They were joined on the panel by Paul KENNY (CEO Tipperary Energy), James Carroll (Trinity College Post Doc researcher) and Marion Jammet (Development Manager, IGBC)
Rose Power (EMPOWER) and Enda Hogan (FIRESPOL) of The Southern Regional Assembly attended the conference on 8th November 2018. The conference was a good opportunity to network and provided insights into financing energy efficiency. Conclusion of conference, a lot of work is being done in financing energy efficiency, but we have a lot further to go to find a commercially viable financial instrument solution for financing energy efficiency into the future.