A pan-European project to help bring more investment into energy efficiency

Energy Efficiency Financial Institutions Group (EEFIG) Derisking Project and EEFIG 3

Our client

The European Commission

The project

The European Commission and UNEP FI created EEFIG in 2013 to help bridge the energy efficiency financing gap.

ep group co-led the two year Derisking Project in 2016/17 alongside Cowi A/S and other partners. We are also part of the consortium in the current EEFIG 3 project and are contributing to several working groups, including leading WG1 on the Sustainable Finance Taxonomy and Tagging of Energy Efficiency loans.

Desired outcomes

Building capacity and providing tools to help grow the flow of investment into energy efficiency projects.

The challenge?

Building consensus amongst a diverse range of stakeholders from across Europe.

How did we help?

We helped the consultancy consortium develop the proposals for the Derisking Project and EEFIG 3. Within the Derisking Project we co-chaired meetings, liaised with stakeholders including many financial institutions, and were the principal authors of the Underwriting Toolkit which was introduced at an EEFIG meeting chaired by the EC and the UNEP FI at an EU Sustainable Energy Week in 2017.  

We also contributed to all reporting.  In EEFIG 3 we chaired the Working Group on the Sustainable Finance Taxonomy and Tagging which was the first working group in the new project and had to be delivered on a very tight deadline to meet the timeline of the Sustainable Finance Technical Expert Group. 

This involved assembling the working group, managing the project, chairing meetings and reporting.  We are also contributing to other working groups on; industry, [risk] and data collection.

What are the benefits?

The EEFIG Derisking projects produced two tools; the Derisking Energy Efficiency Platform (DEEP), a database of more than 10,000 energy efficiency projects across Europe, and the Underwriting Toolkit

Contact us to learn more about our work in advancing energy efficiency financing or specifically how to finance a specific project or programme

Our team

Alex has been an entrepreneur in the clean energy sector for around 15 years. He founded respected energy analytics business EEVS Insight in 2011 and has led a number of consultancy teams, advising corporate and public sector clients on energy strategies and developing innovative business models that make sense of energy efficiency. Alex holds a Masters degree in electrical engineering from Imperial College London and an MBA from Ashridge Business School, and is a Chartered Engineer. Alex has spent his entire career trying to address climate change, which he views as an unprecedented opportunity for creating a better, more equitable world. 

Armin is a multifaceted professional and entrepreneur with more than 15 years of international experience working on clean energy topics in public and private sector organisations. He is fluent in English, French and German, and maintains an extensive global network in the energy sector. Armin is passionate about the role of policies and governance in driving the transition to a sustainable, low carbon energy system.

Steve is an author, public speaker, and global pioneer, driven in the pursuit of net zero and a regenerative economy. Steve has had significant impact on the energy transition in the UK and beyond with his work with corporates, investors, public sector bodies and governments. Steve is committed to implementing strong leadership and governance based on equitable and ethical business principles.