The document discusses the European Union's ambitious climate and energy targets for 2030, including a 32% share of renewables and 32.5% energy savings compared to business as usual. It notes an estimated yearly investment gap of €150-200 billion to meet these targets. The EU's Clean Energy for All Europeans policy package and legislation are outlined. Initiatives are proposed to develop projects, de-risk investments, use more financial instruments and flexible financing platforms to boost energy efficiency and renewables. Funding sources for energy efficiency investments through the next EU multiannual financial framework are also summarized, including the LIFE Programme, InvestEU, Horizon Europe and others.

1. Diana Barglazan
DG Energy
Financing energy
efficiency – looking
beyond Horizon

2. At least a 32% share
of renewables in final
energy consumption
At least 32,5%
energy savings
compared with the
business-as-usual
scenario
Ambitious climate and energy targets for 2030
in line with the Paris Agreement.
Long-term vision: net-zero GHG emissions by 2050.
Minimum 40% cut
in greenhouse gas
emissions compared
to 1990 levels
Public money
MFF
Private capital
The yearly investment gap to meet
these targets is estimated to be
between € 150 to 200 billion.
THE CHALLENGE
2

3. Energy Union Governance
Energy
Efficiency
Energy Efficiency
Directive,
Energy
Performance of
Buildings Directive
Renewables
Revised
Renewable Energy
Directive
Electricity
Market
Design
Enabling Framework
Socially fair
Digital Investment-
friendly
Harmonised
Inclusive
Innovative
Inter-connected
CLEAN ENERGY FOR ALL EUROPEANS POLICY PACKAGE
Regulation and
Directive on internal
electricity market;
Regulation on risk-
preparedness, ACER
regulation
LEGISLATION

4. • Support the
development of a
strong project
pipeline at EU and
local level
Assistance and
aggregation
De-risking
Use more financial
instruments and
develop flexible
financing
platforms for
energy efficiency
and renewable
• Understand better
the risks and
benefits of energy
efficiency
investments
More effective
use of public
funds
ENABLING MEASURES:
THE "SMART FINANCE FOR SMART BUILDINGS" INITIATIVE

5. Energy Societal Challenge
2020

6. Buildings in energy transition (B4E)
1st Deadline: 15 January 2020
• B4E-1-2020: Towards highly energy efficient and decarbonised buildings (CSA)
• B4E-5-2020: Integrated design concepts for energy-efficient ICT in buildings (IA)
• B4E-6-2020: Big data for buildings (IA)
• B4E-7-2020: European building stock data 4.0 (CSA)
• B4E-8-2020: Renewable and energy efficient solutions for heating and/or cooling,
and DHW production in multi-apartment residential buildings (IA)
• B4E-9-2020: Support to the coordination of European smart buildings innovation
community (CSA)
• B4E-10-2020: Self-assessment and self-optimisation of buildings and appliances
for a better energy performance (IA)

7. Buildings in energy transition (B4E)
2nd Deadline: 10 September 2020
• B4E-2-2020: Stimulating demand for sustainable energy skills in the building
sector (CSA)
• B4E-3-2020: Upgrading smartness of existing buildings through innovations for
legacy equipment (IA)
• B4E-4-2020: Next-generation of Energy Performance Assessment and Certification
(CSA)
• B4E-11-2020: Mainstreaming energy efficiency finance, Innovative financing
schemes for energy efficiency investments (CSA)
• B4E-12-2020: National roundtables to implement the Smart Finance for Smart
Buildings initiative (CSA)
• B4E-13-2020: Project Development Assistance (CSA)
• B4E-14-2020: Enabling next-generation of smart energy services valorising
energy efficiency and flexibility at demand-side (CSA)

8. Smart and clean energy for consumers (EC)
Deadline: January and September 2020
• EC – 1- 2020: The role of consumers in changing the market through informed
decision and collective actions (CSA) - 10 September2020 (EASME)
• EC- 2- 2020: Mitigating household energy poverty (CSA) - 10 September2020
(EASME)
• EC-3-2020: Consumer engagement and demand response (IA) - 29 January
2020 (INEA)
• EC-4-2020: Socio-economic research: non-energy impacts and behavioural
insights on energy efficiency interventions (RIA) - 15 January 2020 (EASME)

9. Sources of funding for energy efficiency
• European Structural and Investment Funds (ESIF) - € 17 billion to EE
• European Fund for Strategic Investment (EFSI) – 18% for energy sector
(€ 83.2 billion financing approved - € 450 billion total investments)
• LIFE programme (e.g. PF4EE - € 80 million)
• European Energy Efficiency Fund (EEEF) - €265 million from all investors
• Horizon 2020 - € 850 million for energy efficiency
(€ 1.19 billion for energy efficiency and renewables)
- including the European Local Energy Assistance (ELENA) facility
(about € 30 million per year)

10. 10
THE NEXT MULTIANNUAL FINANCIAL FRAMEWORK
(2021-2027 MFF)*
*based on Commission's proposals, May-June 2018
25%
du budget de l’UE
dédié aux objectifs
climatiques

11. Support for clean energy transition (2021-2027)
Ø Direct financing
Cohesion funds
Policy Objective 2: “a greener, low-carbon Europe”.
Connecting Europe Facility (CEF)
Ø Reducing investment risks (financial instruments):
InvestEU – “Sustainable Infrastructure window” (€ 11,5 bn/ € 38 bn).
ELENA - InvestEU advisory Hub
Ø Support for policy implementation and capacity building on energy
transition
LIFE- sub-programme "Clean Energy Transition" (LIFE)
Ø Support for R&I and technological development
Horizon Europe (HE)

12. LIFE Programme
(Commission proposal - 1 June 2018)
1.3%
12
• Budget proposal 2021-2027: € 5.45 billion
• Climate objectives: 61%
• Sub-programmes:
• Nature & biodiversity
• Circular economy and quality of life
• Climate change - mitigation and adaptation
• Clean energy transition (€ 1 billion):
Ø Support actions for energy efficiency and renewables policy
implementation

13. LIFE – Clean Energy Transition
Building policy and
regulatory
framework
Rolling-out technology,
services and business
models
Unlocking financing
flows
Mobilising local and
regional investments
Engaging and
empowering
consumers
Objective:
creating market &
regulatory enabling
conditions in the EU
territories for the
energy transition

14. Horizon Europe
(Commission proposal - 7 June 2018)
OPEN SCIENCE GLOBAL CHALLENGES
& INDUSTRIAL
COMPETITIVENESS
OPEN INNOVATION
EUROPEAN
RESEARCH
COUNCIL
MARIE
SKLODOWSKA
CURIE
ACTIONS
RESEARCH
INFRASTRUCTURES
HEALTH
INCLUSIVE &
SECURE SOCIETY
DIGITAL &
INDUSTRY
CLIMATE, ENERGY
& MOBILITY
FOOD & NATURAL
RESOURCES
JOINT RESEARCH
CENTRE
EUROPEAN
INSTITUTE of
INNOVATION &
TECHNOLOGY
EUROPEAN
INNOVATION
COUNCIL
INNOVATION
ECOSYSTEMS
MISSIONS
• Total budget proposed: € 97.6 milliards
• Cluster 5: Climate, energy and mobility € 15 milliards

15. Partnership
on built
environment
Cluster 5 Buildings
in energy transition
Cluster 2- Cultural
Heritage,
Socio-economic
transformations
Cluster 4
Materials,
Digitalisation,
Circularity, Life
Cycle
Cluster 1 Healthy
living, ageing society
Sustainable built partnership
Horizontal structure, across clusters, gathering public and private sector
entities, aiming to develop holistic approaches on R&I in the field of
buildings and construction

16. Thank you for
your attention!