I forgot my password

IENE’s Energy Efficiency Conference Covered Both Policy and Market Issues

IENE’s Energy Efficiency Conference Covered Both Policy and Market IssuesWith more than 100 participants from Greece and other European countries and 25 speakers and panelists IENE’s one day conference on "Investing in Energy Efficiency”, which was held in Athens last week (24/5) proved a great success as it helped to highlight the serious challenges and opportunities that are now being created in the field of energy efficiency especially in the building and industrial sector

With more than 100 participants from Greece and other European countries and 25 speakers and panelists IENE’s one day conference on "Investing in Energy Efficiency”, which was held in Athens last week (24/5) proved a great success as it helped to highlight the serious challenges and opportunities that are now being created in the field of energy efficiency especially in the building and industrial sector.

Opening the conference IENE’s chairman Mr. John Chadjivassiliades stressed the key role that energy efficiency now plays in energy strategy at national, EU and global level. "In view of the new high targets set by the EU for a 30% improvement in energy efficiency by EE28 by 2030, coupled with a 40% reduction in greenhouse gas emissions at the same time, but also taking into consideration the latest important developments following consultations with the European institutions in reviewing the relevant European Directive, today’s event is highly relevant.

By convening this conference IENE is seeking to map out the latest developments, to assess the upcoming changes from an institutional, technical and investment angle but also propose needed interventions”, said IENE’s Chairman.

The Secretary General of Greece’s Ministry of Environment and Energy, Mr. Michalis Verroiopoulos, also speaking at the start of the conference stressed the fact that energy efficiency now forms an integral part of Greece’s long termenergy policy, currently being formulated with specific goals fully compatible with EU targets.

According to Mr. Verroiopoulos it is estimated that by 2030 more than 300,000 buildings in Greece will have been upgraded and rehabilitated through the application of energy efficiency measures. Hence, there is growing interest from banks which are already participating in EU funded programmes.

In this context senior executives from the National Bank of Greece and from Piraeus Bank contributed with presentations at IENE’s conference outlining the variety of financing methods currently available but also discussing new financing mechanisms which are likely to be introduced shortly in order to handle increased interest for energy related renovations in buildings and businesses.

Τhe global view on the role of energy efficiency in the energy transition was presented by Ms. Jessica Glicker, senior analyst, at the IEA in Paris. As Ms. Glicker noted "energy efficiency reduced global energy use by 12% in 2016 which is an amount equivalent to the energy use of the European Union.

"A contributing factor for such a spectacular improvement is to be found in the behavior of household energy consumers. Efficiency improvements made since 2000 reduced energy bills in 2016. German consumers alone, saved nearly USD 50 billion on their annual home and travel energy costs.”

IENE is now preparing a special microsite, the coordinates of which will soon be announced, where all conference presentations and interventions will be uploaded.

The conference was financially supported by the National Bank of Greece (NBG) and ENSCO, a leading SEE energy trading firm while the financial daily "Naftemporiki” and Greece’s leading energy portal, "energia.gr”, were the main media partners.

IENE EVENTS 11th SE Europe Energy Dialogue

PUBLICATIONS SEEEO 2016-2017 SEEED More
EVENTS Energy and Geopolitical Challenges in the East Mediterranean and MENA and the Role of Greece European Gas Conference 2018

COOPERATING ORGANISATIONS IEA WEC Energy Community BBSPA EPG AERS ROEC BPIE RCEN Geothermal Finance and Awareness in European Regions