Improved platform for monitoring energy efficiency financing – DEEP 2.0

The European Commission is launching an improved and updated version of the “De-risking Energy Efficiency Platform” (DEEP)this week. Called DEEP 2.0, this is an open-source database for monitoring and benchmarking energy efficiency investment performance. It aims to help users to better understand the real risk and benefits of energy efficiency investments based on market evidence and tangible track records.

Energy efficient buildings are not only good for the EU economy and for the climate, they also contribute to reduced air pollution, improved indoor comfort and reduced respiratory deceases, all in line with the EU’s climate and energy targets for 2030 and the European Green Deal. Building renovation is also an important aspect of the EU’s ambition for economic recovery after the Covid pandemic – with its opportunity to create jobs and help the fight against climate change.

The DEEP 2.0 platform includes over 17 000 energy efficiency projects from 30 providers. This updated version of the platform offers:

• a new structure with more information directly available on the landing page, accessible without registering or logging in
• new data fields for
  • buildings with integrated renewable energy sources
  • alignment with the new EU taxonomy
• an improved benchmarking tool that allows users to benchmark their own portfolio against data from other investors, as well as to benchmark between different user-defined data subsets
• more advanced risk indicators (skewness, kurtosis and Value at Risk)
• easier to access DEEP analysis through an application programming interface (API)

The reworked platform provides a stronger tool for users to evaluate existing or future energy efficiency investments. But there is also greater scope for individuals to become data providers and contribute to de-risking of energy efficiency financing in buildings and industry.

The DEEP 2.0 database results from the work of the Energy Efficiency Financial Institutions Group (EEFIG), established in 2013 by the European Commission and the United Nations Environment Programme Finance Initiative (UNEP FI).

Related links

• DEEP 2.0