Financing

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POLICY DOCUMENTS

Joint industry letter for the EIB to stop financing fossil fuels

PUBLISHED: October 9, 2019

The European Investment Bank is currently in the process of drafting its updated energy lending policy. As the European Union is progressing towards decarbonisation, and the 2050 horizon is nearing quickly, EGEC joined other industry associations and think tanks to call for the EIB to promptly stop funding fossil fuel projects.

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POLICY DOCUMENTS

EGEC Response to the public consultation on sustainable finance

PUBLISHED: September 20, 2019

Sustainable finance is an increasingly important topic in European policy making. A proposed regulation by the European Commission on this topic will have a major impact on the private financial sector, and its relationship with geothermal and other renewable energy investments.

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POLICY DOCUMENTS

EGEC Position on the revision of the State Aid guidelines

PUBLISHED: July 18, 2019

The State Aid Guidelines on Energy and the Environment were initially release to adapt the rules on public support for the energy sector from a competition law perspective to reflect notably the framework of the 2020 EU Climate and Energy objectives. The purpose of this review is to put the State Aid framework in line with the 2030 Clean Energy for All European package, and reflect the changing market dynamics in the energy sector.

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POLICY DOCUMENTS

EGEC contribution to the EIB consultation on energy lending criteria

PUBLISHED: March 29, 2019

The EIB’s energy lending criteria are the set of rules, revised regularly, which the Bank sets for its activities to be compliant with the European Union’s policy objectives.

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POLICY DOCUMENTS

Joint Statement - No fossil fuel subsidies in the European Structural Funds

PUBLISHED: December 10, 2018

EGEC, alongside other renewable associations (Bioenergy Europe, EREF, EHPA, ESTELA, EUREC, Ocean Energy Europe, Solar Heat Europe) has co-signed a joint statement denouncing proposal to make fossil fuels eligible for funding in the ERDF.

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POLICY DOCUMENTS

Joint letter in support of EU Climate and Renewable energy Funding

PUBLISHED: April 3, 2018

The European Union is starting discussion on its next Multiannual Financial Framework, which governs how EU funding is allocated for the 6-years period after 2020.

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POLICY DOCUMENTS

Renewables for heating and cooling and EU security of supply: save over EUR 20bn annually in reduced fossil fuel imports

PUBLISHED: May 21, 2014

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POLICY DOCUMENTS

EGEC response to Commission’s Consultation on Environment and Energy Aid Guidelines

PUBLISHED: February 14, 2014

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POLICY DOCUMENTS

EGEC response to Commission’s consultation on the revision of the General Block Exemption Regulation

PUBLISHED: February 12, 2014

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POLICY DOCUMENTS

EGEC policy paper: Financing Geothermal energy

PUBLISHED: July 14, 2013

This paper aims to highlight the main financial barriers to the development of geothermal technologies, and to propose innovative and differentiated tools for funding geothermal heat and geothermal electricity. The document puts forward key recommendations for designing new and improving the functioning of existing public support schemes.

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