Energy-saving projects paid little heed to costs
Member states fail to show financial benefit
Appeared in print on 17.01.2013
Investments in energy-efficiency projects from the European Union’s cohesion funds over the past 12 years have not been cost-effective, according to a damning report released on Monday (14 January) by the European Court of Auditors (ECA). Spending has been wasteful and poorly managed, say the auditors, who found that member states used the availability of EU money to justify renovations that were not otherwise financially viable.