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EU risks falling behind America without binding energy efficiency target

11th May 2014

Andrew Raingold, Executive Director at the Aldersgate Group, has written to the Sunday Telegraph with a host of business leaders calling for ambitious action on the EU energy efficiency target. The letter argues that voluntary measures on energy efficiency have failed to drive ambitious action which means the UK - and wider EU - has missed opportunities to reduce energy demand, costs and to build energy security. A binding energy efficiency target by 2030 would provide the long, loud and legal backdrop to allow investors to plan with confidence.

Andrew Raingold said: "This week President Obama announced a series of executive actions to promote energy efficiency which will save businesses in the United States nearly $26 billion on their energy bills to 2030. Europe needs to stay ahead of the game with leadership from the very top, combined with a binding 2030 energy efficiency target, to drive growth, exports and resilience."

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