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New study shows EU could make net savings of €250 billion per year with energy efficiency by 2030

 

Energy-Saving-report-feb2013

[Brussels, February 27] – A new report out today shows that the European Union could benefit from €200 billion net savings per year providing it gets on track to meeting its stated 20% by 2020 energy savings target [1].

The report written by Ecofys and commissioned by Friends of the Earth Europe and Climate Action Network Europe also looks to 2030 and finds that net savings in the order of €250 billion per year could be achieved if the EU reduces its energy use by roughly 35% below 2005 levels by 2030.


These findings should serve as a wake-up call. The EU's non-binding 20% by 2020 energy savings target is not on track to being met. And so far there is insufficient support from the European Commission and national governments for a 2030 target for energy savings. This means that despite the advantages, the required energy savings risk not being fully achieved.

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Closing the ambition gap: What can Europe do

Closingtheambitiongap
 In a new briefing [1], CAN Europe shows how the EU is already on course to reach 25% emissions reductions by 2020, with the final number being closer to 27% if proposed further reductions from various EU initiatives are fully implemented. If the EU would make full use of the opportunities identified by research groups and NGOs, it could reduce domestic emissions beyond 30%.

                                                                  Download here >>>


Wendel Trio, Director of CAN Europe, speaking at the UN Climate talks in Doha on Tuesday 4 December, had the following to say:

"The EU is wasting this opportunity to take political advantage ofthe emission reduction policies they already have in place and push for more at the international climate negotiations. They know that in reality their emissions will be much lower and should dare to raise the bar and show others that everyone can jump higher."

"If they want to show other developed and developing nations that they are serious about avoiding a world beyond 2 degrees, they should bring something to the table this week, preferably a number beginning with three," Trio added.

EU policies already in place that, if implemented properly, will bring the EU's emission reductions to more than 25% include directives on fuel quality, energy efficiency, renewables, car efficiency standards and f-gases. In addition, if pending reviews on these policies and the reform of the emissions trading scheme are completed ambitiously emission reductions in the EU would go beyond 30%.

 

"I would ask Ministers arriving this week, and Commissioner Hedegaard why they are not considering taking this opportunity to lead?" concluded Wendel Trio, Director of CAN Europe.


[1] Download briefing at : http://bit.ly/closethegapEU

 

 

 

Closing the ambition gap: What can Europe do

Closingtheambitiongap
 In a new briefing [1], CAN Europe shows how the EU is already on course to reach 25% emissions reductions by 2020, with the final number being closer to 27% if proposed further reductions from various EU initiatives are fully implemented. If the EU would make full use of the opportunities identified by research groups and NGOs, it could reduce domestic emissions beyond 30%.

                                                                  Download here >>>


Wendel Trio, Director of CAN Europe, speaking at the UN Climate talks in Doha on Tuesday 4 December, had the following to say:

"The EU is wasting this opportunity to take political advantage ofthe emission reduction policies they already have in place and push for more at the international climate negotiations. They know that in reality their emissions will be much lower and should dare to raise the bar and show others that everyone can jump higher."

"If they want to show other developed and developing nations that they are serious about avoiding a world beyond 2 degrees, they should bring something to the table this week, preferably a number beginning with three," Trio added.

EU policies already in place that, if implemented properly, will bring the EU's emission reductions to more than 25% include directives on fuel quality, energy efficiency, renewables, car efficiency standards and f-gases. In addition, if pending reviews on these policies and the reform of the emissions trading scheme are completed ambitiously emission reductions in the EU would go beyond 30%.

 

"I would ask Ministers arriving this week, and Commissioner Hedegaard why they are not considering taking this opportunity to lead?" concluded Wendel Trio, Director of CAN Europe.


[1] Download briefing at : http://bit.ly/closethegapEU

 

 

 

Ecofys study cover image.
Saving energy: bringing down Europe's energy prices (JUNE 2012).

Prepared by Ecofys for CAN Europe and Friends of the Earth Europe, the study reviews the additional, potential savings that could be made as a result of energy efficiency measures.

According to the research carried out, the European Union could benefit from over €200 billion net savings per year through energy efficiency measures. The report 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.

 

 

 


MMR Recipe for Climate Finance Publication image. Click to download report
A recipe for transparent climate finance in the EU (MAY 2012) 

This report provides an overview of what works and what doesn't in the EU's proposed new mechanism for monitoring and reporting (MMR) regulation. The report points out important questions that need to be asked - and answered - before the MMR legislation is finalized.

It also provides recommendations on how to improve the legislative proposal - a recipe for transparent climate finance.

 

 

 

 

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