A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
proposed target goes beyond the 25% energy savings target which would be
required to achieve a 40% reduction of CO2 emissions by 2030. At the same time
the framework on energy efficiency put forward today aims to strike the right
balance between benefits and costs.
H. Oettinger, Vice-President of the EU Commission responsible for energy said:
"Our proposal is the basis to drive the EU towards increased security of
supply, innovation and sustainability, all in an affordable way. It is
ambitious and at the same time it is realistic. The energy efficiency strategy
will complete the 2030 framework on energy and climate which has been presented
in January 2014. Our aim is to give the right signal to the market and
encourage further investments in energy saving technologies to the benefit of
businesses, consumers and the environment."
Communication on energy efficiency and its contribution to energy security and
the 2030 framework presented today also reviews progress towards the European
Union's 20% energy efficiency target for 2020. The EU is currently forecast to
achieve energy savings of 18-19% in 2020; however, the agreed target of 20% can
be reached if all EU countries fully implement the already agreed legislation.
The Commission does not intend to propose new measures, but calls on the Member
States to step up their efforts to ensure collective delivery of the 2020
of current energy efficiency policies
the proven advantages for business and consumers are, for instance:
intensity in EU industry has decreased by almost 19% between 2001 and 2011.
2. More efficient
appliances like refrigerators and washing machines are expected to save
consumers €100 billion annually – about €465 per household – on their energy
bills by 2020.
3. New buildings
consume half as much energy today as they did in the 1980s.
Communication also explores the positive impacts of energy efficiency on the
lives of Europeans over the next sixteen years:
1. For every additional 1 percent in
energy savings, EU gas imports are expected to fall by 2.6%, decreasing our
dependence on external suppliers.
2. More energy efficient buildings will
offer 'ancillary benefits' to people who live and work in them in addition to
reducing their energy bills. For example, better windows can provide for
increased air quality and protection from external noise.
3. Energy efficiency policies will
create new opportunities for European businesses such as construction firms and
equipment manufacturers. In line with this, new local jobs are created.
Communication announces, the European Commission will review progress on energy
efficiency in 2017. It will explore the question whether additional indicators
should be used to express and monitor progress towards the energy efficiency
target. This could be indicators, such as energy intensity, which better take
account of underlying changes in and projections for GDP and population growth.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).