Adhesion to the European Energy Efficiency Financing Coalition

Intesa Sanpaolo has joined the European Coalition for the Financing of Energy Efficiency, promoted by the European Commission, which aims to create a favourable market environment for investments in energy efficiency, thus supporting Member States in the implementation of the Energy Efficiency Directive (Directive EU/2023/1791) and the Energy Performance of Buildings Directive (Directive EU/2024/1275 – EPBD) to achieve the efficiency targets set for 2030. The Energy Efficiency Directive has set, for example, the goal of reducing the European Union's final energy consumption by at least 11.7% by 2030 compared to previous projections.

The Coalition, currently composed of 49 financial institutions, is divided into three levels:

• General Assembly which will provide indications/guidelines for the work that will be developed by the second and third levels of cooperation;
• Expert platform that will be tasked with identifying market solutions and financing products that are efficient and replicable in different Member States;
• National hubs, i.e. country-specific working groups to promote and identify financing solutions for energy efficiency at national level

The Coalition's activities will include, for example, the implementation of financial instruments under EU funding programmes, the promotion of these programmes to encourage further private investment in energy efficiency projects and the sharing of "best practices" with the aim of increasing the supply of products available on the market.

The first meeting of the General Assembly is currently scheduled for March 2025. In addition, a second call for membership for financial institutions and a call for expression of interest for other key players in the field of energy efficiency financing are likely to be opened in the first quarter of 2025.