European energy transition and the potential of new energy technologies were the main items on the agenda at the informal meeting of Energy ministers held in Luxembourg on 23 September 2015. HR was represented by Ambassador Goran štefanic, Deputy Permanent Representative of the Republic of Croatia to the European Union.
Additionally, around 500 experts had met for the SET Plan conference (Strategic Energy Technology Plan, 21 – 22 September), which addressed research and innovation in the field of strategic energy technology.
The discussions at the informal meeting focused on three issues: economic growth offered by European energy transition, possible synergies between energy and development aid and investment in the energy sector.
The European Fund for Strategic Investments (EFSI), which will mobilise €315 billion worth of investment over the coming years and will be crucial for Energy Union, has already financed projects including one to improve the energy efficiency of French housing stock.
EFSI will help address investment s in energy efficiency. More than €100 billion needs to be invested every year to achieve the 2030 energy efficiency target, which includes €89 billion in energy efficiency measures in housing stock, and some €19 billion to improve energy efficiency in industry. Yet current investments are below half of that.
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