Most energy efficiency policies are justified on the basis of energy savings, together with contributions to energy security and climate change mitigation. However, improved energy efficiency also delivers additional, non-energy benefits for individuals, the broader economy, and society. We call this the “multiple benefits” of energy efficiency. These benefits include various macroeconomic benefits (e.g. shifts in energy trade balances and employment), increased access to energy, and affordability of energy services, reduced air pollution, and fiscal improvements for national and sub-national entities.
The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable.
A major agreement to further develop green infrastructure in support of climate change mitigation and adaptation projects in Indonesia was signed today by the Ministry of National Development Planning of the Republic of Indonesia and the European Investment Bank (EIB). The Memorandum of Understanding (MoU), which was signed on Saturday (10/13) afternoon at the Inaya Putri Bali Hotel, Nusa Dua, Bali, was also on the margins of the 2018 International Monetary Fund-World Bank Group Annual Meeting.
As announced by President Juncker and First Vice-President Timmermans in their letter of intent accompanying President Juncker‘s 2018 State of the Union Address, the new bioeconomy strategy is part of the Commission’s drive to boost jobs, growth and investment in the EU. It aims to improve and scale up the sustainable use of renewable resources to address global and local challenges such as climate change and sustainable development.
Spanish, Polish and Bulgarian commuters, residents of Warsaw, Vilnius and Turku, and students across France will benefit from new financing by the European Investment Bank.
Karmenu Vella, European Commissioner for Environment, Fisheries and Maritime Affairs said: “Our cooperation on environment with the Eastern Partner countries is stronger than ever. We have seen numerous actions implemented as well as progress in environmental legislation. Further work on the implementation of new legislation, on mainstreaming environmental principles and the principles of a circular economy into other policy areas is still needed, and I am confident that EU assistance in this area will contribute to achieving tangible results.”
Meeting on 3 October in Algiers, the governing body of the Western Mediterranean Initiative has launched a €1.4 million assistance mechanism set up by the European Commission.
IERC 2019 is the recycling industry’s most important event, bringing together over 500 international producers, recyclers, equipment manufacturers, recycling associations, standards bodies, refurbishers, NGOs, regulators and many more.
The European Commission adopted the Blue Growth Strategy in 2012 in order to harness the potential of Europe’s oceans, seas and coasts for growth and jobs. Since the adoption of the strategy, the Blue Economy has become a driver for Europe’s welfare and prosperity. Europe’s maritime economy is expected to become an even more significant source of jobs and growth in the years to come. However, despite concerted efforts by the European Union to increase funding for Blue Economy actors, access to funding with acceptable terms remains a key obstacle for innovative businesses.
Europe is committed to leading the fight against climate change. To underline its leadership, the Commission presented a comprehensive set of 10 transformative initiatives, the Action Plan for the Planet, at the inaugural One Planet Summit in Paris last December. In New York today, Vice-Presidents Maroš Šefčovič and Valdis Dombrovskis and Commissioner Neven Mimica will update Heads of State and Government, businesses leaders and civil society on the main achievements to date under these initiatives in support of climate action.