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EU Announces €98.2Mn Energy Efficiency Funding (Int'l)
European Commission
Date: 2018-02-19
In Brussels, the European Commission and the European Investment Bank (EIB) are reporting a €98.2 million investment package under the new Financial Instrument for the Environment (LIFE) funding program. The investment will cover 10 projects in eight Member States to address environmental quality and building efficiency issues. The move appears to be in response to Eurostat's announcment that the trading block is lagging in its energy efficiency goals.

The funding package could mobilize an additional €2 billion in funding as Member States also make use of other EU funding sources.

In related news, Eurostat announced that Europe's 2016 primary energy consumption was 4 pct above the EU's 2020 target to reduce energy consumption by 20 pct below business as usual projections by 2020. Final energy consumption exceeded the target by 2 pct. (Source: EuroStat, European Commission, PR, IISD, 5 Feb., 2018) Contact: Eurostat, http://ec.europa.eu/eurostat

More Low-Carbon Energy News European Commission,  Energy Efficiency,  Energy Consupmtion,  

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