On 14 January 2013, Mr Harald WÖGERBAUER, Member of the Court presented to the press in Brussels the main conclusions and recommendations of the report.
Mr Wögerbauer began by explaining that € 5µbillion in cohesion policy funding had been made available by the European Commission since 2000 for cofinancing energy efficiency measures, and that more than € 17µbillion had been earmarked for similar measures in proposals for the budget governing the 2014-2020 programming period. Investments in energy efficiency were of crucial importance, continued Mr Wögerbauer, if the target of a 20µ% reduction in CO2 emissions by 2020 was to be reached.
However, the full benefits of investment in energy efficiency could only be reaped if investments which were made were also cost-effective. And this goal, noted Mr Wögerbauer, had not been realised.
See full Summary, in pdf format: http://eca.europa.eu/portal/pls/portal/docs/1/20446746.PDF
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