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“Investment in energy efficiency contributes to economic recovery”

Video conference of Energy Ministers

22 Apr · 15h15

© Portuguese Presidency of the Council of the European Union / Pedro Sá da Bandeira

The Portuguese Minister for the Environment and Climate Action pointed out that energy efficiency in buildings can bring “multiplying benefits” and contribute to “economic recovery”. João Pedro Matos Fernandes chaired the informal video conference of Energy Ministers today, under the scope of the Portuguese Presidency of the Council of the EU.

 

The main topic of the meeting was the use of European funds in what is called the “Renovation Wave”, an initiative aimed at renovating buildings in Europe. The ministerial discussions showed the need for a high rate of renovation on public and private buildings in the EU in order to contribute to hitting the ambitious energy and climate targets and goals by 2030.

“ We can now say that a significant number of the Member States have made use of the recovery and resilience funds to support building renovation, recognising the multiplying benefits of investment in energy efficiency and sustainable construction, contributing to several environmental goals and having a positive effect on the recovery from the economic and social crisis ”

João Pedro Matos Fernandes, Minister for the Environment and Climate Action

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João Pedro Matos Fernandes, Minister for the Environment and Climate Action and Kadri Simson, Commissioner for Energy © Portuguese Presidency of the Council of the European Union / Pedro Sá da Bandeira

The review of the Directive on the Energy Performance of Buildings, presented at the meeting by the European Commission, is eagerly awaited, and several Member States have already made suggestions for making its application more effective.

 

The meeting also looked at the role of decentralised energy production and the creation of renewable energy communities.

 

The 27 recognised that an integrated energy system across Europe will minimise the cost of transition to climate neutrality and create new opportunities to cut energy bills.