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.
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.
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 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.
The European Court of Auditors’ recent Special Report ‘Energy efficiency in buildings’ shows that EU-funded projects still do not focus on achieving the greatest potential energy savings per euro invested. Although the Commission has issued extensive guidance for improving energy efficiency investments in buildings including their cost-effectiveness, audited Member States allocated budget to projects on a first-come first-served basis, without weighing relative costs and benefits.
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.
Eurovent and REHVA call on all relevant authorities in the EU and globally to recognise the manufacturing, distribution, installation, maintenance and repair of HVACR equipment as essential business activities and therefore exempt them from COVID-19 shutdown orders and travel restrictions. HVACR equipment supports critical infrastructure in the healthcare, food cold chain, data centre and building sectors notably. Prolonged shutdown of HVACR manufacturing activities might have severe consequences during and after the COVID-19 pandemic.
The European Commission has unveiled its new Circular Economy Action Plan, one of the flagship initiatives of the European Green Deal. The Action Plan provides an overview of upcoming policies to reduce resource use and improve the circularity of European value chains. It includes a Sustainable Product Policy Framework, the main aim of which is to widen the Ecodesign Directive beyond energy-related products and include sustainability and circularity principles.