The European Commission has presented its recovery plan for Europe, which would bring the total financial firepower of the EU budget for 2021-2027 to 1,85 trillion EUR. The funds would be invested in recovery and resilience and aligned with the objectives of the European Green Deal, including in the building and energy sectors.
During its 63rd meeting, the General Assembly of the Eurovent Association defined a new vision for the future of the European HVACR industry. Mr Naci Sahin starts the final year of his second election term as President of Europe’s Industry Association for Indoor Climate (HVAC), Process Cooling, and Food Cold Chain Technologies.
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Eurovent calls for an ambitious EU green recovery package that focuses on renovating the EU ‘s building stock, modernising the energy system, and investing in digitalisation and the circular economy. The next EU budget presents a unique opportunity to reboot the European economy and set it on the track to carbon-neutrality.
The IEA has issued its World Energy Outlook 2020 that also looks at the impacts of the COVID-19 crisis. Its analysis show that in countries in lockdown, the energy demand declined by 18-25% on average. IEA explores a scenario that quantifies the energy impacts of a widespread global recession caused by months-long restrictions on mobility, and social and economic activity. This results in a 6% energy demand contraction - the largest one in 70 years in percentage terms and the largest ever in absolute terms. The impact of COVID-19 on energy demand in 2020 would be more than seven times larger than the impact of the 2008 financial crisis.