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NO HALF MEASURES/ INVESTMENT NEEDS IN ENERGY EFFICIENCY...

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No half measures/ Investment needs in energy efficiency and renewables in the CEE countries

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No half measures/ Investment needs in energy efficiency and renewables in the CEE countries



Publisher: CEE Bankwatch Network

Volume: 24 pages, pdf

Description

Total investments necessary to utilise the potential for energy efficiency and renewable sources in seven analysed CEE countries amount to EUR 24.626 billion anually, totalling EUR 172.382 billion in the 2014-2020 period. According to the European Commission proposals on Cohesion policy and the Multi-Annual Financial Framework, EUR 30.83 billion will be earmarked for climate change objectives, especially energy efficiency and renewable energy sources (RES) in the period 2014-2020. Given the disparity between the investment needs and the public funding currently proposed for energy efficiency and RES in the Cohesion policy proposals, there is no manoeuvring space for cutting down the amounts earmarked for EE and RES, even though Cohesion and Structural Funds will not be the only source of public financing for such measures. We see many reasons to substantially increase funding into these areas, not only because of their contribution to the EU climate and energy targets, but especially because of the extraordinary employment and economic benefits that these measures can provide.