Parliamentary Plenum puts improving energy efficiency in the spotlight, adopts report on promoting renewables

20 February 2019

The regular exchange of views on energy, environment and climate between Parliamentarians of the Energy Community Contracting Parties and the European Parliament took place yesterday in Brussels. The Energy Community Parliamentary Plenum meeting was co-chaired by Prof Jerzy Buzek, Chairman of Committee on Industry, Research and Energy of the European Parliament and representatives of the Parliament of the Republic of Moldova on behalf of Moldova as presidency in office of the Energy Community. Bringing together fifteen Contracting Party and four European Parliament Members, the meeting focused on sharing experience on legislating in the area of energy efficiency in light of the adoption of the Clean Energy for all Europeans Package in the EU.

The Plenum underlined the role that Parliaments can play not just in terms of putting in place a conducive legal framework to support energy efficiency but also in terms of leading the way for energy efficiency improvements, such as renovating public buildings, using energy efficiency in public procurement, etc. The exchange of views will serve as input for the Energy Community Parliamentary Plenum report on boosting energy efficiency, to be drafted by Aleksandar Damjanovic of the Parliament of Montenegro. The report is scheduled to be adopted at the next Parliamentary Plenum meeting in December 2019.

On the same day, the Plenum adopted a Joint Report on Strengthening the Promotion of Energy from Renewable Sources drafted by Goran Milevski and Hari Lokvenec, both of North Macedonia. The Plenum stressed the need to fully transpose and implement the Renewables Directive into the national legislation frameworks of all Energy Community Contracting Parties and underlined the need to tackle the ongoing barriers to the greater uptake of renewables.

The Plenum also noted the higher cost of capital for renewable energy investors in the Energy Community compared to most EU Member States. It called upon the European Commission to put in place a de-risking guarantee scheme to be financed via the budget of the European Union in the first instance in order to improve the financial conditions for renewables investors in the Energy Community.