Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-11-Speech-2-089-000"

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"en.20120911.5.2-089-000"2
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"Out of the EU 20-20-20 targets, we have the largest backlog in respect of the energy efficiency target. Many initiatives are already pointing in the right direction, but the results are still dwarfed by the untapped possibilities. Europe has recognised its backlog, and has realised that in the middle of an economic crisis, it cannot afford the luxury of taking the development of energy efficiency lightly. These investments not only cut down our energy bills but give immediate boosts to the economy. However, as long as issues regarding financing remain unresolved, our energy efficiency goals laid down in the directive remain nothing but grandiose targets. Often, the problem does not lie in the lack of determination but in obtaining the subsidies necessary for renovation and raising the required own contribution. I therefore find it a major step forward that upon a Hungarian initiative, an innovative financing instrument has been included in the directive. According to the proposal, the state can sell excess quotas from non-industrial emitters and can use the resulting income for the achievement of energy efficiency goals. The Hungarian proposal allows the own contribution required in energy efficiency programmes to be replaced by the income from quota sales. This allows a large number of investments generating notable energy savings to be implemented despite the economic crisis."@en1

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