Division 5.3.2.1 Contribution to LIFE objectives

The PF4EE contributes to meeting the general objectives of the LIFE Regulation as set out in Article 3 and further specified in the priority area ‘climate change mitigation’. In particular the PF4EE:

• addresses a major climate policy issue, contributing to the achievement of the Europe 2020 and 2030 objectives to secure energy savings and the associated reduction in emissions,

• provides the necessary level of piloting and demonstration of a new policy instrument, with major potential to deliver EU added value,

• complements and supports Member States' responsibilities under the National Energy Efficiency Action Plans (NEEAPs),

• offers the potential to improve the cost-effectiveness of the LIFE programme through leverage and complementarity,

• builds longer term capacity in a sustainable commercial finance activity, thereby ensuring continuing and long-term support for sustainable development,

• supports solidarity and burden sharing, and

• offers the potential to mainstream the initiative into Member State programmes (through NEAAPs and potentially other programmes and initiatives).