MEPs have passed a resolution about energy efficiency targets that could save UK businesses more than £1bn a year.
The European Parliament has demanded that Europe improve its energy efficiency by 20% over the next decade and place a renewed emphasis on greener buildings. MEPs passed yesterday the resolution which, according to recent Carbon Trust research, could help save UK businesses more than £1bn a year. The resolution calls for member states to set national energy efficiency goals as part of the European Union's forthcoming revised Energy Efficiency Action Plan (EEAP). National energy efficiency action plans would be approved by the European commission, MEPs said, citing the success of similar renewable energy and carbon emissions targets.
MEPs decreed that barriers such as upfront investment costs must not prevent the renovation of existing buildings, which account for about 40% of energy consumption and 36% of carbon emissions in the EU. MEPs advocated district refurbishment plans, and making 'pay-as-you-save' financial incentives similar to the UK's green deal available at regional, national and European levels, as the best methods to ensure the energy efficiency targets are met.