DEEP, disclosing market data to increase transparency and drive more energy efficiency investments in Europe
The Energy Efficiency Financial Institutions Group (EEFIG), an expert group set-up by the European Commission and United Nations Environment Programme Finance Initiative in 2014, launches the De-risking Energy Efficiency Platform (DEEP), the largest pan-EU, open-source evidence-base containing over 7800 industrial and buildings-related energy efficiency projects from 25 data providers including large companies, public banks, private investment funds, financial institutions and ESCOs.
DEEP provides factsheets and case studies of financial institutions deploying capital into energy efficiency. The platform welcomes data contributions!
In its landmark report, EEFIG identified the need to better understand the real risks and benefits of energy efficiency investments based on market evidence and track record, as well as greater transparency. To tackle this, the EEFIG De-risking project developed DEEP, a database for energy efficiency investments performance monitoring and benchmarking.
The platform, to which BPIE contributed, is a new source of operational risk management information, which will help project developers, financiers and investors better assess the risks and benefits of energy efficiency investments across Europe by increasing transparency, facilitating performance monitoring and benchmarking.
It highlights the economic rationale for more energy efficiency investments in Europe.