Rigzone
Summary
The European Energy Efficiency Financing Coalition has signed 49 private and public financial institutions including some of the biggest banks in Europe as members.
“As a first step, these new members signed the statement of intent for financial institutions and are now expected to participate in all 3 levels of cooperation of the Coalition: the General Assembly, the Expert Platform, and the National Hubs”, the European Commission, which launched the alliance April 22, 2024, said in a statement.
The directive also mandates EU states to migrate their district heating and cooling systems to 100 percent renewable energy, waste heat or a combination of the two by 2050. In the nearer term, by 2028, district heating and cooling systems should use "at least 50 percent renewable energy, 50 percent waste heat, 50 percent renewable energy and waste heat, 80 percent of high-efficiency cogenerated heat or at least a combination of such thermal energy going into the network where the share of renewable energy is at least 5 percent and the total share of renewable energy, waste heat or high-efficiency cogenerated heat is at least 50 percent".
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