A high-level conference on how to finance clean energy as well as create jobs and boost economic growth takes place at the Parliament in Brussels on 7 November.
Significant investment is needed in the energy sector to help the EU achieve its ambitious climate change targets, which were agreed as part of the Paris Agreement. The Clean Energy for all Europeans package aims to set the legal framework to make this transformation possible. To look at the issues involved, the European Parliament will host a high-level conference on financing clean energy for all Europeans in Brussels on 7 November from 9.30 to 18.30 CET. It is organised by the Parliament and the European Commission. Registration starts at 8.30 CET.
Bringing together political leaders, policy makers, the investor community, energy market participants and other stakeholders, the conference will review and debate the Clean Energy Package and focus on specific areas of investment in the energy transition:
- The current and future role of EU financial support for the energy transition
- Setting the scene: making the clean energy transition happen
- Supporting the shift towards clean and efficient energy at the local level
- Investing in energy projects – interconnectors
- Investing in renewables to connect Europe
The energy sector is key to the European economy, but it also represents two thirds of greenhouse gas emissions, so will play a central role in the implementation of the Paris Agreement. To achieve the EU's goals of reducing its impact on the environment, significant additional investment will be needed. It is estimated that in order to reach the EU's 2030 energy and climate targets, about €379 billion investments are needed every year between 2020 and 2030, mostly in energy efficiency, renewable energy sources and infrastructure.