Updates: 2018

In December 2014, a quantitative analysis called "Planned EU funds allocations 2014 -2020 in Central and Eastern Europe: Ensuring the shift towards sustainability" was carried out by CEE Bankwatch Network and Friends of the Earth Europe.

In this analysis, it was found that the EU funds allocated to Energy Efficiency significantly increased compared to the last funding period. Moreover, overall allocations for Renewables increase slightly as well (see Figure 1).

Figure 1. Allocations to Energy Efficiency and Renewable Energy Sources, 2007-2013 and 2014-2020.
Source: CEE Bankwatch Network and Friends of The Earth - December 2014. Download the study here (pdf file 1 MB)

In terms of the overall share of sustainable energy infrastructure, it can be observed that there is an increase, but remains small relative to overall investment needs towards a decarbonization target (see Figure 2).

Figure 2. Share of sustainable energy (energy efficiency, renewables, smart grids) of total ERDF and CF.
Source: CEE Bankwatch Network and Friends of The Earth - December 2014. Download the study here (pdf file 1 MB)

On Figure 3 it can be seen that the Energy efficiency constitutes the main area of energy infrastructure investments.

Figure 3. Energy infrastructure 2014-2020.
Source: CEE Bankwatch Network and Friends of The Earth - December 2014. Download the study here (pdf file 1 MB)

On a different note, this analysis indicates that private housing sector receives a good part of funds; now it is important to ensure accessibility of those funds for socially vulnerable groups who don’t have own capital/capacity to implement energy efficiency measures.

Find more information and references about EU funds in connection with CEE Bankwatch in the European Comission website and in the CEE Bankwatch website.

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