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EU Renovation Wave Initiative
One of the priorities under the European Green Deal is the Renovation Wave initiative and recovery plan for the EU.
It is aiming to increase the rate and quality of renovation of existing building and help de-carbonise the building stock.
The EU building sector is the largest single energy consumer in Europe responsible for approximately 40% of EU energy consumption and for 36% of the EU greenhouse gas emissions. At the same time, some 75% of existing buildings is energy inefficient (and were constructed before legislation on building performance was in place). Boosting energy performance of buildings to roll out energy efficiency and renewables at a much higher pace is a priority, especially given that 80% of today’s buildings will still be in use by 2050 and that only 1% (on average) of buildings currently undergo renovations each year. This rate will need at least to double to reach the EU’s energy efficiency, renewables and climate objectives.
In addition to cutting emissions, renovation will lead to reduced energy consumption (and lower household bills), safer and healthier buildings, as well as addressing energy poverty and improving people’s quality of life. In employment terms, renovation will also stimulate numerous local, skilled jobs (especially for SMEs), and thereby also deliver clear benefits to the local economy. The Renovation Wave initiative puts the focus on existing buildings, and renovation with a lower level of inconvenience for people living in the buildings being renovated.
Our B2Green practice is following closely all EU initiative concerning the European Green Deal and don’t hesitate to contact us for more information on info@b2eu-consulting.com.