Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (the so-called Taxonomy Regulation) was officially published. The aim of the Taxonomy Regulation is to boost investment in green projects by setting common definitions across the EU for what investments may be considered ‘green’. Select projects in the HVACR and building sectors will qualify if they meet the technical screening criteria, which are to be defined in delegated acts.
New Eurostat figures show that final energy consumption in the EU reached 990 Mtoe in 2018, an increase of 0,02% compared to 2017. The greatest increases were observed in the energy consumption of buildings. The EU risks missing its binding energy efficiency objective to reduce energy consumption by 20% by 2020. Current energy savings plans from Member States risk falling short of the 2030 target as well by 6,2 percentage points.