2030 EU energy efficiency target offers 'excellent business opportunity'

A group of European multinational companies have called on the European Commission to adopt energy efficiency policy framework that provides a long-term and certain legislative perspective.

In a signed letter to the Commission, members of the European Alliance to Save Energy (EU-ASE) stated that only with a binding policy framework for energy efficiency can European businesses, which operate in this area, develop their markets.

The group, which includes Siemens, Philips and Schneider Electric, state that "only with a clear regulatory framework" can they invest and offer appropriate, affordable and accessible technologies and solutions "essential for the development of the low carbon economy".

According to the group, it is a grave mistake to see a trade-off between the need for a binding energy savings target for 2030 and the need to restore economic competitiveness.

"We regret that this view is not shared by the entire business community," the letter states. Highlighting its aim, the group says the economy will benefit through higher ambition for 2030.

EU ASE president, Monica Frassoni said: "In line with many other European businesses across Members States and industrial sectors, the European Alliance to Save Energy does not share Business Europe position on the 2030 energy and climate package.

"On the contrary, we are strong supporters of ambitious, binding legislation for energy efficiency and believe that this can provide a long-term and certain legislative perspective for European businesses to invest and offer appropriate, affordable and accessible technologies and solutions essential for the development of the low carbon economy".

Leigh Stringer


Tags

Energy Efficiency | european commission

Topics

Energy efficiency & low-carbon
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