Energieeffizienz – ein europäischer Blick auf politische Rahmenbedingungenund Energieeffizienzfinanzierung

Ingmar Juergens, Senior Economic Advisor, Europäische Kommission

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Mit Beiträgen von

Niels Anger,

Roman Doubrava und

Nina Gareis,

GD Energie,

Europäische Kommission

Die Energieunion

Unser Ziel:Sichere, nachhaltige, wettbewerbsfähige und bezahlbare

Energie für alle Europäer

Übersetzung in 5 Dimensionen:

Source: Directorate-General for EnergySource: Directorate-General for Energy

Übersetzung in 5 Dimensionen:Energieversorgungssicherheit und SolidaritätVolle Integration des Energiebinnenmarktes

Senkung des EnergieverbrauchsDekarbonisierung des Energiemixes

Forschung und Entwicklung

Wie wir es erreichen wollen:

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Versorgungs-sicherheit

• ReduzierteImportabhängigkeit

Zentrale Rolle für Energieeffizienz

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Nachhaltig-keit

Energie-effizienz

Wettbewerbs-fähigkeit

• Weniger Energie-verbrauch, CO2-Emissionen und Gesundheits-schäden

• Strompreiseffekt• BIP• Beschäftigung• Forschung und

Innovation

Importabhängigkeit steigt weiter an

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EU-28 – Endenergieverbrauch

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Energy Efficiency Directive 2012/27/EU

Der europäische Rahmen für Energieeffizienzpolitik

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Delivering the

2020 goals

EcodesignDirective

2009/125/EC

Energy Performance of

Buildings Directive 2010/31/EU

Energy LabellingDirective2010/30/EU

1 2 13 24 40

Ecodesign and Energy labelling Results Achieved

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1 tyre

regulation

2voluntaryagreements

13 labellingregulations

24ecodesignregulations

40measures

Expected savings by 2020(Estimates do include rebound effect and non-

compliance impact)155Mtoe

EED

Issue, handover, quality control

Issue, handover, quality control

New buildings

New buildings

ED & ELD

Energieeffizienzinstrumente im Gebäudebereich

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EPBDDirective2010/31/EU

National plans

Nearly-zero energy

Nearly-zero energy

EEDDirective2012/27/EU

Long term renovation roadmaps

3% renovation for central

government

3% renovation for central

government

Energy performance certification of

buildings(EPCs)

quality controlquality control

Display in public buildings

Display in public buildings

Cost-optimum energy

performance requirements

Existing buildingsMajor renovation

Building elementsEnvelope and

technical systems

buildingsbuildingsED & ELDDirectives2009/125/EC2010/30/EU

Energy performance of building products

Energieeffizienz-Richtlinie 2012/27/EU -vollständige Umsetzung ist essenziell!

July 2014 Communication on Energy Efficiency: EU28 will achieve energy savings of around 18-19% in 2020 only. Therefore, Member States need to

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1. Fully implement existing EE legislation;

2. Strengthen local and regional verification of national building codes and accurately inform consumers of the energy performance of buildings for sale or rent;

3. Fully implicate utility companies in working with their customers to obtain energy savings;

4. Strengthen market surveillance of the energy efficiency of products;

5. Make full use of available financing, in particular ESIF.

Energieeffizienz: Konkrete Schritte

Energie-effizienz-

Richtlinie (27-30%)

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Source: Directorate-General for Energy

Europäische Gebäude-richtlinie

Energiekenn-zeichnung & ÖkodesignRichtlinien

Stärkung von Finanzierungs-instrumenten

Wärme- und Kältesektor

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The investment dimension

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Scale of the investment challenge toward 2030

Large investment needs after 2020 in any case due to existing targets. Only about a third related to the new targets of the 2030 framework

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Source: Directorate-General for Energy

EUR 209 bn per year 2021-2030 in key sectors

Modernisation of the power sector (power generation and grids) remains key. Large impact of 2030 targets on investment needs in the building sector

Need to step-up efforts related to bringing innovative solutions into the market

Wichtige Rolle von Energieerzeugung, Energieeffizienz und Energienetzen für Gesamtinvestitionen in Deutschland

. Investitionen der Unternehmen in den Energiesektor betrugen 2013 9 % der gesamten Bruttoinvestitionen (und

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Investitionen des Energiesektors

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Abbildung 2.3.3: Investitionen des Energiesektors

Quelle: Statistisches Bundesamt (Destatis)

gesamten Bruttoinvestitionen (und das ohne Energieffizienz und PV)

. Erzeugung erneuerbarer Energien 16,1 Mrd. EUR (2013)

. Verbesserung der Energieeffizienz von Wohngebäuden 10 Mrd. EUR (2011)

. Energienetze 5,5 Mrd. EUR (2013)

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91 93 95 97 99 01 03 05 07 09 11 13

-4

-2

0

2

4

6

8

10

12

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Bruttoinvestitionen Energiesektor

Nettoinvestitionen Energiesektor

in M

rd. Euro

Financing of Energy Efficiency

European Structural Investment

Fund

National Programmes

Financing Challenges:

• Lack of knowledge and

information

Lack of performance data

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Horizon 2020

European working groups

European Fund for Strategic

Investments

Programmes for vulnerable consumers

LIFE + funding

• Lack of performance data

• Fragmentation/transaction costs

• High upfront investments

• Imperfect foresight

• Complexity of financing

• Sometimes long payback periods

• Etc.

• Effective implementation of current framework• Revision in the short and mid-term of certain elements of the framework (e.g. Energy Labelling; Art 7 and other elements under the EED)

Politikrahmen richtig setzen!

Die wichtigsten Herausforderungen für Energieeffizienzpolitik

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under the EED)

• Effective use of European Structural and Investment Funds and other funding (EIC, H2020 etc.)

• Work with the financial sector to create the right framework conditions for investment (e.g. development of the right standards)

• Stimulate demand (through a robust implementation of existing and future rules, e.g. on EPCs)

Investitionen mobilisieren!

Der EU-Rahmen für Energieeffizienz-Finanzierung

100 Milliarden Euro pro Jahr notwendig, um unsere Ziele zu erreichen!

Already available:

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• European Structural and Investment Funds (16-18 bn for EE, target of 20% for FIs, examples existing)

• HORIZON 2020 (100MEUR for EE/year)

• European Fund for Strategic Investment and Investment Plan for Europe (new opportunities for EE)

• European Energy Efficiency Fund

• Private Finance for Energy Efficiency

• Smart Finance for Smart Buildings

Die Herausforderungen angehen – Beispiel:Intelligente Finanzierung für intelligente Gebäude

Project development assistance

Aggregation De-risking

Standardisation & benchmarking

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benchmarking

Market-based culturefinancial instruments, new business models

Konkrete nächste Schritte

Database of energy efficiency

projects

Performance tracking framework

and

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and interpretation

Investment modelling

tool Investment ProcessesStandardframework Voluntary

Agreement with financiers

EEFIG Sounding Board

Nächste Schritte auf politischer Ebene

1. Review of the products framework: ongoing

2. New investment package: ongoing

3. Governance framework: ongoing

4. Review of 2030 targets by 2020, having in mind an EU level of 30%

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4. Review of 2030 targets by 2020, having in mind an EU level of 30%

5. 3rd to 4th ¼ 2016: Review of certain elements of the EED: Fokussierung

auf bestimmte Artikel

6. Review of certain elements of the EPBD

7. Assessment of instruments & measures for the promotion of emissions

reduction and EE in transport, for electric transportation and for RES in

transport after 2020

Vielen Dank!

Ingmar Juergens | Senior Economic Advisor European Commission in GermanyIngmar.juergens@ec.europa.eu

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Ingmar.juergens@ec.europa.euTel.: +49 (0)30 -2280 2115

Links

• Energy Union: http://ec.europa.eu/priorities/energy-union/index_en.htm

• Single Market Progress report http://ec.europa.eu/energy/en/topics/markets-and-

consumers/single-market-progress-report

• Country Report 2015 Germany (p.33 ff. on energy investment in Germany)

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• Country Report 2015 Germany (p.33 ff. on energy investment in Germany)

http://ec.europa.eu/europe2020/pdf/csr2015/cr2015_germany_en.pdf

Sommerpaket (verabschiedet am 15. Juli)

» Konsultative Mitteilung zum Strommarktdesign» Mitteilung zum Einzelhandelsmarkt und Initiative zu

Eigenverbrauch (Stärkung der Konsumentenseite)» Legislativvorschlag ETS-Reform

Implementierung Energie-Union

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» Legislativvorschlag ETS-Reform» Legislativvorschlag Energiekennzeichung

Winterpaket (geplant bis Januar)

» Überarbeitung der Verordnung zur Gasversorgungssicherheit» Überarbeitete Entscheidung zum Informationsaustausch bei

zwischenstaatlichen Abkommen (IGAs) im Energiebereich» LNG- und Speicherstrategie» Strategie für den Wärme- und Kältesektor» Mitteilung zum illustrativen Kernenergieprogramm (PINC)

The Landscape of Renewable Energy and Energy Efficiency Finance in Germany in 2010 (EUR billions)

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Juergens et al. 2012

Addressing challenges of EE financing – SMART FINANCE FOR SMART BUILDINGS

Project development assistance

Aggregation De-riskingStandardisation & benchmarking

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Market-based culturefinancial instruments, new business models

EXAMPLES

Source: Directorate-General for Energy

Example EIB-ELENA – London RE:FIT

400 30,000 tCO2 per annum

tonnes CO2 saved€2,8m

EIB-ELENA

Source: Directorate-General for Energy

€64m

€6mper annum energy savings

Buildings retrofitted or in the process:

• office buildings• schools• libraries• civic centres• Hospitals• cultural centres• theatre / performing arts• hostels / day centres• universities & colleges• Fire & Police stations• community buildings• leisure centres• crematoria capital

investment

EIB-ELENA Grant for:

• Programme Delivery Unit

• Support the London Public sector to retrofit public buildings

• Use of Energy Performance Contracts

EFSI project on energy efficiency

• The EIB, backed by EFSI, provides a €400m loan to a pioneering financing programme aimed at addressing the need to trigger energy efficiency investments in private homes in France on a large scale.

• The project supports an innovative approach by French regions to set up specialised companies to provide a ‘packaged’ solution covering

Energy efficiency in residential buildings in France

Source: Directorate-General for Energy

up specialised companies to provide a ‘packaged’ solution covering technical and financial assistance to homeowners for retrofitting.

• The project is expected to support retrofitting of some 40 000 flats and houses.

• Energy efficiency investments will benefit the economy by cutting energy bills, saving emissions and creating new construction jobs (c. 6 000). Total energy savings are estimated to be of the order of 288 000MWh per year. This is roughly equivalent to the annual energy consumption of 9 600 French households.

MLEI POSIT'IF (Ile de France, FR) Public ESCO scheme for condominiums

� Investment: €40m

� Leverage factor: 19Condominium

Administrator

"Local facilitators": energy agencies, associations

Mature projects

1. Design phase

Design of

2. Implementation phase

EPC (guaranteed savings)Equity (local authorities & private partners)

Source: Directorate-General for Energy

This presentation requires oral explanations

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Energies POSIT’IF

Architects

Thermal engineers

Energy service companies

Construction companiesSub-contractingor co-contracting

agreements

Source: José Lopez, Energies POSIT'IF

Design of measures

O&M with shared savings

orThird party investment

Financing plan

ERDF Jessica fund(loans/equity) - potentially

Grants and tax incentives for home owners (tbc)

Soft loans for homeowners(tbc)

Long-term loans(low interest rates)

private partners) General

Assembly

(2015) (2016)

Umsetzung der Energie-Union durch einenambitionierten Governance Prozess (2015-2016)

RatEnergy Council

Source: Directorate-General for EnergySource: Directorate-General for Energy

Energy Union Tour

Country fact sheets

Draftguidance on national plans

State of the Energy Union (18 Nov)

Streamlining of planning and reporting

Rat

EP

COM

EP Report on the Energy Union (Dec)

Council (26 Nov)

• Market Design Communication: A consultative communication in view of a revision of electricity legislation in 2016

Summer Package (adopted on 15 July 2015):

Implementation July/september 2015

Source: Directorate-General for EnergySource: Directorate-General for Energy

view of a revision of electricity legislation in 2016• New Deal for energy consumers: A communication on retail market accompanied by a Staff working Document on renewable energy self-consumption

• Legal proposal for the review of the Energy Labelling Directive and the report on this issue

• Legal proposal for the review of the Emissions Trading Directive

• SET Plan proposes 10 focused research and innovation actions to accelerate the energy system's transformation

Integrated Strategic Energy Technology (SET) Plan (Adopted on 15 September 2015

Implementation

• Revision of regulation on security of gas supply including the communication on LNG and storage strategy

• Review of the decision on information exchange for

Winter Package (planned for January 2016)

Source: Directorate-General for EnergySource: Directorate-General for Energy

• Review of the decision on information exchange forIntergovernmental Agreements (IGAs) on energy

• Strategy for heating and cooling as a contribution to the 2030 Framework

• Communication on the nuclear illustrative programme (PINC)

• Review of the Energy Efficiency and Energy Performance ofBuildings Directives, new Renewable Energy Directive, Market Design, and Streamlining of planning and reporting

Legislative initiatives planned for 2016

5 Dimensionen der Energieunion

1. Energieversorgungssicherheit und Solidarität

Koordinierte Energiediplomatie

Engere Kooperation mit Nachbarstaaten (Energy Community)

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Source: Directorate-General for EnergySource: Directorate-General for Energy

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Engere Kooperation mit Nachbarstaaten (Energy Community)

Sondierung von Optionen für eine Gaseinkaufsgemeinschaft

Diversifizierung von Lieferländern und -routen

2 Integration des Energiebinnenmarktes

Grenzüberschreitender Handel (Energiepreise)

Adequate Energieinfrastructur (Interkonnektoren)

Finanzierung (Strukturfonds, CEF, 315bn Juncker Plan, Horizon 2020)

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5 Dimensionen der Energieunion

3. Energieeffizienz als eigene Ressource

Steigerung der Energieeffizienz auf 27%(30%) bis 2030

Priorität für Gebäude, Transport, Produkte

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Source: Directorate-General for EnergySource: Directorate-General for Energy

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Priorität für Gebäude, Transport, Produkte

4. Dekarbonisierung des Energiemixes

Reduktion von Treibhausgasemissionen (COP Paris Ende 2015)

EU als Weltmarktführer für Erneuerbare Energien (≥≥≥≥ 27% bis 2030)

5. Forschung & Innovation

Investitionen in Forschung & Entwicklung

Marktintegration emissionsarmer Technologien

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Ziele der Energieunion erreichen:Ein dynamisches Governance-System

UmsetzungUmsetzungder der ZieleZieleder der

VereinVerein--fachungfachung von von PlanungsPlanungs--

und und

Source: Directorate-General for EnergySource: Directorate-General for Energy

der der EnergieunionEnergieunion((insbinsb. 2030). 2030)

und und BerichtsBerichts--pflichtenpflichten

VertiefteVertiefteregionaleregionale

KooperationKooperationzwischenzwischenMitgliedMitglied--staatenstaaten

JährlicherJährlicherBerichtBericht zurzurLageLage der der EnergieEnergie--unionunion

(November (November 2015)2015)

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Barriers and challenges for investments

The bulk of investments associated with 2030 Climate and Energy Framework is expected to be delivered by market actors, who face a range of barriers:

Financial barriers (e.g. insufficient rate of return, preceived or actual risk)

Source: Directorate-General for EnergySource: Directorate-General for Energy

Financial barriers (e.g. insufficient rate of return, preceived or actual risk)

Technical barriers (e.g. capacity to identify, prepare + implementprojects)

Regulatory (legal obligations + incentives)

Other barriers: behavioural, information asymmetries

EU Funding aims at providing more value for money

. Attract & leverage private investments

. The bulk of Energy investments should come from private sector

. Reinforce market mechanisms to avoid crowding out investors and increase

Source: Directorate-General for EnergySource: Directorate-General for Energy

. Reinforce market mechanisms to avoid crowding out investors and increaseleverage of EU funding

. Using Financial Instruments

. Grant to address primarilly market failures, innovation and high risk

. Increase quality of project selection and financing processes: Guidance and TA

Already before the summer, the European Investment Bank (EIB) had approved a total of €8 billion of financing which includes four investment projects in energy efficiency, renewable energy and strategic energy infrastructure.