The Energy efficiency in Europe study is part of the Odyssee project. It aims to monitor energy efficiency progress and CO2-reduction for the EU-28 countries and Norway, understand the energy demand trends for European countries, compare the countries in their relative [energy efficiency performance, as well as to benchmark values, measuring the contribution of innovative energy efficiency and renewables technologies to the Lisbon targets to make Europe more competitive and analyse and evaluate the performance of energy efficiency policies in the different EU Member States and at EU level.
The ODYSSEE MURE is a program coordinated by ADEME and supported under the Intelligent Energy Europe Programme of the European Commission.
Energy efficiency is at the heart of the EU's Europe 2020 Strategy for smart, sustainable and inclusive growth and of the transition to a resource efficient economy. According to EU Commission the EU needs to act now (2011) to get on track to achieve its target while the EU is on course to achieve only half of the 20% objective. The combined effects of full implementation of the measures will generate financial savings of up to €1000 per household annually; improve Europe's industrial competitiveness; create up to 2 million jobs; and reduce annual greenhouse gas emissions by 740 million tons.
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