EuroACE calls for delay in Energy Dependence Day

News Item
19 May 2014
Can Europe delay Energy Dependence Day? That is the question posed by EuroACE.
You may have heard of Independence Day, but not Energy Dependence Day. This is the day of the year on which the EU becomes entirely dependent on foreign imports for its energy.

EuroACE, the European Alliance of Companies for Energy Efficiency in Buildings, has highlighted that the EU imports more and more of its primary energy every year. In 1995, for example, the EU imported just over 43% of its primary energy but, by 2011, the figure had risen to nearly 54% - in large part due to increased energy use in buildings. In other words, the EU became dependent on foreign imports on the 26th July in 1995 and as early as the 18th June in 2011. This equates to an extra 38 days of energy dependence.

European Energy Dependence Day is set to fall even earlier in the year over the next decade, unless the EU ambitiously addresses the most energy-consuming sectors in the EU’s economy, such as buildings, as a means of reducing energy demand, with a binding 40% energy efficiency target for 2030, supported by a binding sectoral target for buildings.

EuroACE have urged EU leaders to act decisively on energy efficiency, especially in buildings, in order to avoid an even earlier EU Energy Dependence Day in the decade ahead.

“The EU is worryingly reliant on external sources of energy, leaving it vulnerable to energy shocks, high costs and, as we have recently seen, political turmoil”, explains Adrian Joyce, Secretary General of EuroACE. “The cost of these energy imports is further aggravating the economic problems that the EU faces as the trade balances of Member States are significantly affected by energy purchases.”

Buildings represent 40% of all energy consumed in the EU. With energy efficient products and technologies currently available on the market, EuroACE argues that the energy demand of buildings in Europe could be reduced by 80%.

www.euroace.org