Businesses need to become more self-sufficient in terms of energy generation

Marisa Xuereb, The Malta Chamber President, participated in the NEXT GEN EU Conference organised by the European Commission.

“Since Malta does not have energy-intensive industries, the green transition must be driven by the electrification of vehicles and improvements in the energy efficiency of buildings. This is where significant gains can be made as the existing building stock suffers from the lack of prioritisation of energy efficiency of buildings up to now,” she said.

“Businesses need to invest in more energy-efficient refrigeration, heating and cooling, as well as in renewable energy that is complemented by investment in energy storage equipment. This will enable businesses to become more self-sufficient in terms of energy generation, and thereby reduce their potential exposure to the risks of volatile international energy prices which have become a major economic challenge for Europe,” said Xuereb.