Can we afford this?
At the macro-level – the economy as a whole – the CHEETAH results show that the investments in energy efficiency are projected to have at least modest positive economic impacts for the EU until 2030.
- In the CHEETAH analysis, energy efficiency policies make a contribution to the new European Green Deal by significantly reducing residential GHG emissions without negative impacts on the labour market.
- Due to the lack of regressive effects on the macroeconomic level, beyond rebates there is no need for additional financial packages, such as envisioned by the Just Transition Fund.
- Long-term dynamic impacts are strong and will increase after 2030 when investments are paid off.
- Energy savings and rebates combined will help ensure that household consumption can be maintained.
- Energy imports can be reduced.
- Investments in efficient appliances and buildings will have positive overall effects such as reduced energy imports and positive impacts on the structural change of the economy