Economic benefits of the EU Ecodesign Directive
The EU Ecodesign Directive aims at reducing the environmental impact of a number of products sold in the EU, with emphasis on their energy consumption. On behalf of the Dutch environmental organisation Natuur en Milieu, Ecofys investigated economic benefits related to the Directive.
A correct implementation of the EU Ecodesign Directive would yield yearly savings of up to 600 TWh of electricity and 600 TWh of heat in 2020. In addition to these environmental benefits, this study identified important economic advantages like:
- Net savings for European consumers and businesses of €90 billion per year (1% of EU’s current GDP) in year 2020.
- Reinvesting these savings in other sectors of the economy would result in the creation of one million jobs.
- Dependency on imports of energy would be reduced by 23% and 37% for natural gas and coal, respectively. This means the EU could slash natural gas imports from Russia by more than half and imports of coal from Russia could be stopped altogether.