27 February 2013
New study shows
net savings EU could make per year by 2030 with energy efficiency
A new report out
today shows that the European Union could benefit from €200 billion net savings
per year providing it gets on track to meeting its stated 20% by 2020 energy
savings target .
The report written
by Ecofys and commissioned by Friends of the Earth Europe and Climate Action
Network Europe also looks to 2030 and finds that net savings in the order of
€250 billion per year could be achieved if the EU reduces its energy use by
roughly 35% below 2005 levels by 2030.
should serve as a wake-up call. The EU's non-binding 20% by 2020 energy savings
target is not on track to being met. And so far there is insufficient support
from the European Commission and national governments for a 2030 target for
energy savings. This means that despite the advantages, the required energy
savings risk not being fully achieved.
Riley, climate justice and energy campaigner for Friends of the Earth Europe said: "Tough action on energy efficiency would
deliver impressive financial savings equivalent to the annual GDP of Denmark.
But governments are failing to embrace energy savings despite the benefits of
cheaper bills and new jobs and it being the most effective action we can take
to cut emissions and fight climate change. The EU needs to urgently put energy
savings at the top of its priorities and set binding targets for 2020 and
Petroula, energy savings policy officer for Climate Action Network Europe said: "Energy savings is a win/win solution to
Europe's economic recovery, creating jobs while reducing greenhouse gas
emissions. A binding energy savings target for 2030 would encourage long term
investment past 2020, the European Commission and national governments need to
make it happen."
- - -
 The research,
which was first published in June 2012 and updated in February 2013, was
conducted by Ecofys– a leading consultancy in renewable energy,
energy & carbon efficiency, energy systems & markets and energy &
climate policy – and commissioned by Friends of the Earth Europe and
Climate Action Network Europe. Read
the full report here.
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