So the 4th of February European Energy Summit between heads of government came and went. As we said in our previous blog post, the EU is lagging behind in fulfilling its target to increase energy efficiency by 20% by 2020. The block is on a track for just 10% energy savings – only half of what was hoped for. Leaders were set to discuss this issue and how to overcome it.
They certainly did recognise this energy efficiency gap and the importance of energy efficiency in general, which is great. In particular, they acknowledged that energy efficiency in the transport sector, in economic production and processes, and in the building sector is an important factor to stimulate competitiveness, jobs, and energy security while addressing climate change.
However, despite this recognition EU member countries did not yet agree that we need to move from an indicative to a mandatory target, as many have argued. Among these powerful voices are Members of the European Parliament and the Coalition for Energy Savings that represents 22 businesses, professional and civil society organisations. Ahead of the summit 36 major household appliance companies - among which Miele, Electrolux, Liebherr and Whirlpool - sent a letter to the EU Council asking for bold action.
It's a shame Europe's leaders didn't listen. A binding target - combined with a coherent set of policies and measures - is the only way to make sure that the potential of the target is realised. By delaying strong action, EU leaders missed the chance to credibly tackle climate change, while stimulating green growth, and energy security.