EU Cohesion Policy Energy Investments ‘Not Cost Effective’

EU Cohesion Policy Energy Investments ‘Not Cost Effective’

The European Court of Auditors has concluded that the EU’s Cohesion Policy investments in energy efficiency were not cost effective, according to a report published yesterday.

The Cohesion Policy is a European Union regional policy that provides a framework for financing a range of projects intended to encourage economic growth in member states.

Since 2000, the EU, through its Cohesion Policy funds, spent about €5 billion ($6.7 billion) for co-financing energy efficiency measures in member states.

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