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eeef Annual Report 2015

eeef projects aim to achieve at least 20% primary energy savings on an annual basis (higher for the building sector) and a 20% reduction of CO2 equivalents for transport and renewable energy pro- jects. The quality of the methodology used to calculate the expected savings of projects is crucial. This allows the eeef to ensure its projects satisfy interna- tional standards regarding CO2 e and primary energy saving reporting. Due to the wide variety of technologies included in the eeef’s portfolio, the Investment Manager has developed a standardised approach to calculating the project’s energy, primary energy and carbon savings for the eeef’s most common project tech- nologies. Report on the Energy and Greenhouse Gas Emission Savings 47

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