The European Energy Efficiency Financing Coalition is a Brussels-based initiative that brings together EU member states, financial institutions, and the European Commission to mobilize private investment in energy efficiency. Established through a Joint Declaration signed by Commissioner Kadri Simson and energy ministers of all 27 EU countries on December 19, 2023, the Coalition was officially launched on April 22, 2024.
The organization operates through three structural layers. A General Assembly provides high-level coordination chaired by the Commission. An Expert Platform, composed of working groups with specialists from member institutions, addresses priority topics including financing for real estate renovations and energy efficiency in enterprises, particularly among small and medium-sized businesses. National hubs, established in each EU country, serve as the operational arm, identifying and developing tailored financing solutions suited to specific market conditions.
The Coalition's core mandate focuses on narrowing a significant investment gap: approximately 165 billion euros annually is needed to meet EU energy efficiency and climate targets for 2030 and 2050. By early 2025, the Coalition had enrolled 67 financial institutions and 41 industry members alongside the 27 member states. A second membership call for financial institutions was planned for early 2025.
The initiative builds on two decades of experience. It evolved from the Energy Efficiency Financial Institutions Group, created in 2013, and the Sustainable Energy Investment Forums operating between 2017 and 2023. The Coalition facilitates implementation of blended financing solutions and promotes knowledge-sharing on financial instruments to make energy efficiency investments more accessible to citizens and businesses across Europe.