Under the European Green Deal, the Commission has committed to stronger action on climate change and will assess how the EU’s greenhouse gas emissions could responsibly be reduced by at least 50% to 55% by 2030. This review will assess how far the EU renewable energy rules (Directive 2018/2001/EU) can contribute to a higher EU climate ambition. Feedback on the Inception Impact Assessment is open until 21 September 2020.
In cooperation with Orgalim, the Eurovent Team regularly provides you with an in-depth overview on all European legislative developments of relevance for the HVACR sector. The Bulletin provides for a hands-on compendium allowing the industry to assess the status quo and expected future developments. In addition to recent sector specific issues, our Team has summarised some of the key takeaways within this article.
On 8 July 2020, the European Commission published its EU Strategy for Energy System Integration. The Strategy identifies heat pumps as one the key technologies for achieving its aims. In 2021, the European Commission will review the Energy Efficiency Directive, the Renewable Energy Directive, the Energy Taxation Directive, and consider the extension of the EU emissions trading system (EU ETS) to new sectors in order to boost the deployment of heat pumps and district heating and cooling systems.
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.
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.
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.
The report from the International Renewable Energy Agency (IRENA) shows a growing gap between rhetoric and action in decarbonising the economy. Although the uptake of renewables in the EU is accelerating, progress on energy efficiency – especially in buildings – is too slow. The EU stands the most to gain from the energy transition but a much higher level of funding in building renovation and the deployment of energy efficiency technologies is needed to reach the 2050 targets. The solution lies at the nexus of the European Green Deal and the COVID-19 recovery plan.
Owing to the ongoing COVID-19 outbreak, the organisers of the EUROVENTSUMMIT have announced the postponement of its upcoming edition to 2021. Initially scheduled for September 2020, it will now take place from 12 to 15 October 2021 in Antalya, Turkey.
The organisers of the Eurovent Summit cordially invite you to expand your business by becoming official Partner of the Summit’s next edition, which is going to take place in Antalya, Turkey, from 22 to 25 September 2020. Profit from the Eurovent Summit’s wide-ranging representativeness and reach your potential audience prior to, during, and after the event. Opportunities include sponsorships, as well as media, association, and exhibition partnerships.