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NEW STUDY SHOWS EU COULD MAKE NET SAVINGS OF OVER €200 BILLION PER YEAR WITH ENERGY EFFICIENCY
04 June 2012
Media Advisory
For immediate release: Monday June 4, 2012
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NEW STUDY SHOWS EU COULD MAKE NET SAVINGS OF OVER €200 BILLION PER YEAR WITH ENERGY EFFICIENCY
European Union must meet 20% energy efficiency target for 2020
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Brussels, June 4 – The European Union could benefit from over €200 billion net savings per year through energy efficiency measures, according to new research released by Friends of the Earth Europe and Climate Action Network Europe today [1]. The research concludes that for every Euro saved through reduced energy use, businesses and consumers save an additional Euro as energy efficiency measures drive down energy prices.
Certain member states are blocking effective action on energy efficiency during the on-going negotiations on the European Union’s draft Energy Efficiency Directive [2]. However, a binding 20% target and strong measures to save energy are crucial if Europe is to benefit environmentally and economically from energy savings.
