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EU Energy Efficiency: investment targets not achieved; average pay back period exceeds 50 years (in extreme cases 150 years) (European Court of Auditors)

Monday, January 14, 2013

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EU Energy Efficiency: investment targets not achieved; average pay back period exceeds 50 years (in extreme cases 150 years) (European Court of Auditors)
Jan 14th 2013, 10:47

(Source: European Court of Auditors) EUROPEAN COURT OF AUDITORS PRESS RELEASE ECA/12/55 Luxembourg, 14 January 2013 EU Energy Efficiency: investment targets not achieved; average pay back period exceeds 50 years (in extreme cases 150 years) The cost of increased energy consumption, the depletion of fossil fuel reserves and the effect of human activities on global climate change are drivers of recent energy efficiency policies. Since 2000, the European Union, through its Cohesion Policy funds, spent almost €5 billion for co-financing energy efficiency measures in the Member States. The European Commission and the Member States are both responsible for the sound financial management of these...
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