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NEW ENERGY EFFICIENCY TARGET DISREGARDS NEED TO BOOST EUROPE’S PROSPERITY

ROCKWOOL International A/S comments on today’s announcement from the European Council that it has set an indicative energy efficiency target for 2030 of meagre 27%.

Commenting on Thursday's announcement  from the European Council that it has set an indicative energy efficiency target for 2030 of meagre 27%, Susanne Dyrbøl, Public Affairs Manager, at ROCKWOOL International stated:



“We are extremely disappointed in today’s decision. This highly unambitious target is truly a missed opportunity for boosting the prosperity of European citizens, for job creation, for economic growth and for improving Europe’s ability to deal with geo-political energy shocks. Today’s announcement by the European Council to set only an indicative energy efficiency target for the next decade of meagre 27% is at best business as usual. It can in no way be seen as a strong political signal that Europe wants to retain its global leadership position in energy efficiency or that the prosperity of European citizens is dealt with in a responsible way. Regrettably, this decision leaves Europe with a huge potential for economically viable energy savings, worth hundreds of billions of euro, untapped.”

The ROCKWOOL Group believes the European Council should have confirmed the vote by the European Parliament in February for a binding 40% Energy Efficiency Target 1. This would have delivered an annual GDP growth of 4.5% by 2030 instead of now below 0.7%2 , according to the EU Commission’s impact assessment. It would also have given a significant reduction in this region’s strong dependency on foreign energy  - EU Member States spend € 421bn on energy imports, the equivalent of € 1.1bn every day. And it would have lowered the cost of climate actions.

The ROCKWOOL Group will continue to work for an improved legislative framework for increased energy efficiency as we are convinced that this is the best and most cost-effective way of improving the environment and Europe’s prosperity.

1 European Parliament Report on a 2030 framework for climate and energy policies (2013/2135(INI)) (Delvaux/Szymanski)

2 European Commission’s draft impact assessment on the Energy Efficiency Review. http://bit.ly/2030eff  & http://www.foeeurope.org/sites/default/files/press_releases/foee-europes-choice-energy-savings-080714.pdf

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