Energy Savings 2020

How to triple the impact of energy saving policies in Europe?

Published: 01/09/2010

Europe needs to triple the impact of its energy efficiency policies to achieve its 2020 targets set last year, according to a new study written by Ecofys and the Fraunhofer ISI. The study reveals that the potential exists to reach the 20% energy saving by 2020 goal cost-efficiently, cutting energy bills by €78 billion for European consumers and businesses annually by 2020.

However, current EU policy is delivering only one-third of the potential cost-effective savings measures. Increased energy savings will also warrant easier and less expensive achievement of a 20% share of renewables in the EU energy mix in 2020. The study was commissioned jointly by the European Climate Foundation (ECF) and the Regulatory Assistance Project (RAP).