Marie Donnelly, director at the European Commission’s Directorate-General for Energy, has reported that nearly all €8bn of an EU energy savings fund lies unclaimed. A recent regulation change provided for up to four per cent of the EU’s Cohesion Fund to be invested in energy efficiency for residential buildings, but the funding is not being used up as quickly as the Commission had hoped.

The EU's review of the Energy Efficiency Action Plan is hoped to encourage the use of the fund, targeting the area of energy and buildings and, in particular, address the development of a European market in energy service companies (ESCOs) which could increase public sector and industrial savings from energy efficiency, particularly in large buildings.