Home / Skip Navigation LinksNews & Media / News / Economics, Management and Planning

New database to stimulate investment in energy efficiency

Photo: cowi

​​

The EU has launched its most comprehensive energy policy package ever along with the largest EU-wide open-source database on energy efficiency projects. COWI has headed up the database work.

6.12.2016

Buildings currently account for around 40 per cent of energy consumption in the EU, while industry is responsible for 25 per cent. If we are to meet the target of keep global warming below 2 degrees, we need a thorough renovation of the existing building stock.

This is one of the main conclusions from the EU ‘Winter Package’ being launched Wednesday 30 November.

The conclusion is that the need for investment in energy efficiency in the Member States up to 2035 is EUR 1,180 billion in buildings and EUR 140 billion in industry, if the climate targets are to be met.

Boost to investment

The DEEP database (the De-risking Energy Efficiency Platform), developed by a COWI led consortium, is an important tool to support the energy package and to stimulate investment. The database contains almost 8,000 different energy efficiency projects from the Member States, including a number of Danish cases, in the building stock and in industry.

“One of the biggest challenges in scaling up energy efficiency investments in buildings and industry is that there is great uncertainty around the investment risk and returns. DEEP enables building owners, investors and consultants to form an informed picture of the financial and energy savings from energy efficiency projects, including the payback on projects similar to their own. Most people will be surprised at how many projects have a payback of less than three years – particularly in industry”, explains Carsten Glenting, Markets Director in COWI’s economics and management department, which headed the consortium behind the DEEP database.

DEEP is an open-source database available to all. The ambition is to expand the database from the present 7,800 projects to twice that number in 2017 – hopefully with more Danish projects, urges Carsten Glenting.


ENERGY EFFICIENCY IN THE EU

Investments in energy efficiency produce a whole range of benefits for Europe; increased security of supply with less dependence on imported energy, improved competitiveness for European companies, and a reduction in both global and local environmental problems.

In 2016-17, COWI will be working for the European Commission (DG Energy) and the Energy Efficiency Financial Institutions Group (www.eefig.com) to address the challenges in the market for financing energy efficiency.

The De-risking Energy Efficiency Platform (DEEP) is an open-source initiative to scale up investments in energy efficiency in the EU Member States through knowledge-sharing and transparent analysis of existing projects in buildings and industry.

For more information:  https://deep.eefig.eu

Danish export potential

The EU energy package, including DEEP, could open up great export potential for Danish companies, which hold a position of strength in energy efficiency advisory for industry and construction and in energy-efficient building materials and components.

LAST UPDATED: 24.10.2017