Energy Efficiency Financial Institutions Group (EEFIG) – New Working Groups

Third phase of the Energy Efficiency Financial Institutions Group (EEFIG) – become involved with a range of new working groups. The European Commission and UNEP FI have launched calls for expression of interest for several new EEFIG working groups dealing with leading edge issues to scale up energy efficiency investment, in support of the European Green Deal and the EU´s Sustainable Finance Action Plan. Energy efficiency is also central for the implementation of the Principles for Responsible Banking since real estate represents a major share of banks´ financed emissions. -Financial Performance of EE loans: This working group will utilize advanced data analytics to assess the contribution of energy efficiency to credit quality in mortgage books, to inform discussions of the Green Supporting Factor. -Multiple benefits: This working group will assess the contribution of energy efficiency to non-energy issues on a macroeconomic level (such as economic growth, job creation, economic productivity) and on the level of individual efficiency transactions. -Financial instruments: This working group will take stock of leading practices emerging for both public and private financial instruments and how they can be blended to scale up energy efficiency, covering industry, buildings, secondary markets and how they link to the EU´s sustainable finance activities. -Dissemination/communications: This working group will aim to disseminate the results of EEFIG activities more widely, and UNEP FI and the EC are looking to appoint a set of EEFIG ambassadors who can disseminate the results of EEFIG more widely in the finance community. During the webinar, the working group leads will present in greater detail on the working mode and main topics to be addressed by each working group, and we will describe the kind of expertise we seek and process for sending in an expression of interest.