On Wednesday 30 October, the European Commission announced that 49 financial institutions in the 27 EU countries had joined the European Energy Efficiency Financing Coalition, following a call for applications.
This announcement comes almost a year after the 27 EU countries became the first members of this coalition, signing the Joint Declaration on energy efficiency financing in the margins of the Energy Council on 19 December 2023 (see EUROPE 13317/12).
These public and private financial institutions (banks, investment companies and development banks) have already signed the declaration of intent by the financial institutions. They are then expected to participate in the coalition’s three levels of cooperation: the General Assembly, the Expert Platform and the National Hubs. They will also be involved in co-creating the coalition’s work programme.
The aim of the coalition is to mobilise private investment in energy efficiency and to create a long-term financing framework for investments in energy efficiency.
According to a press release from the European Commission, “[t]his subsequent integration of financial institutions into the initiative represents a crucial step in establishing the Coalition’s trilateral framework encompassing EU countries, financial institutions and the Commission”.
It also announces that a second call for applications from financial institutions and a call for expressions of interest from other entities should be launched in early 2025.
To see the list of members: https://aeur.eu/f/e35 (Original version in French by Pauline Denys)