On Tuesday 28 April 2020, the European Court of Auditors (ECA) will publish a special report on EU co-funded energy efficient investments in residential buildings.
ABOUT THE AUDIT
The ECA assessed whether EU co-funded energy efficiency investments in buildings had cost-effectively helped the EU toward its energy saving targets. The auditors also examined whether their 2012 recommendations in this field have been implemented. In particular, they looked at the project selection and monitoring of the investments. They examined operational programmes in five Member States: Bulgaria, the Czech Republic, Ireland, Italy and Lithuania.
Overall, the report is expected to conclude that a greater focus on cost-effectiveness is needed. The auditors will make a number of recommendations to help the EU achieve its 2030 energy efficiency target by improving its 2021-2027 Cohesion policy spending.
ABOUT THE TOPIC
In EU households, heating and hot water alone account for 79 % of total final energy use. By using energy more efficiently, EU citizens can lower their energy bills, help protect their health and improve air quality.
The EU Cohesion policy allocated a budget of around €14 billion to improve the energy efficiency of buildings, of which €4.6 billion for residential buildings. In addition, Member States budgeted €5.4 billion for national co-financing, of which €2 billion for residential buildings.
The ECA’s special reports set out the results of its audits of EU policies and programmes or management topics related to specific budgetary areas. The ECA selects and designs these audit tasks to be of maximum impact by considering the risks to performance or compliance, the level of income or spending involved, forthcoming developments and political and public interest.