22 June 2017
The Energy Efficiency Financial Institutions Group (EEFIG) Underwriting Toolkit launched on June 22nd 2017, during the EU Sustainable Energy Week in Brussels. EEFIG is a partnership between UNEP FI and the European Commission. The report provides a common framework for financial institutions, project developers and hosts of energy efficiency projects such as companies and consumers to scale up their deployment of capital into energy efficiency.
European Commission Vice President for the Energy Union, Maroš Šefčovič, delivered the keynote speech at this event, and UNEP FI Head, Eric Usher spoke about the importance of investing into energy efficiency.
The multiple stakeholders involved in energy efficiency investment often do not speak the same language. The Toolkit will help analysts, originators and risk departments within financial institutions better understand energy efficiency investment and better evaluate both their value and risks. Standardised processes and common definitions will allow for training and capacity building. Project developers and owners will be able to develop projects in a way that matches the needs of financial institutions. This common framework will allow for energy efficiency investment to proceed at greater scale and speed.
The publication, including forewords from Maroš Šefčovič, European Commission VP, and UN Environment Head, Erik Solheim, is available for download here.
Find more information on the EEFIG website.