New EU fund to provide market-based financing

摘要

The European Energy Efficiency Fund (EEEF) was launched, on 1 July. Its aim is to provide market-based financing for commercially viable projects that can contribute to energy efficiency and renewable energy in the European Union's public sector, explain its promoters, the European Commission, the European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP) and Deutsche Bank. The fund is the centrepiece of a new sustainable energy facility approved in December 2010 by the Council and Parliament, using unspent funds from the European Energy Programme for Recovery (EEPR) from 2009.