RAP and the ECF released this Energy Savings 2020 study, which finds that the EU will need to triple its efforts to meet its 20 percent energy savings target in the next decade. The study, written by Ecofys and Fraunhofer ISI, concludes that the goal is achievable and could save EU energy consumers up to 78 billion euros ($100 billion) annually by meeting the goals. The study was presented to the European Commission’s DG Energy and to Member States and stakeholders throughout the region in 2010. Three months after the study’s release, the European Parliament voted in favor of a binding 20 percent energy savings target for 2020.