The Renovation Wave for buildings: how to make the most of it?:
On 14 October, the European Commission, as part of the Green Deal, published its proposal for the Renovation Wave Strategy for public and private buildings. It is especially targeted at improving energy efficiency in buildings, including minimum energy performance standards for existing buildings. Buildings account for 40% of consumed energy and 36% of greenhouse gas emissions in the EU. More than 75% of the EU building stock is energy-inefficient. Thus renovating buildings can be a key contributor towards climate neutrality.
However, the potential of the renovation wave is even greater. This is an opportunity to ensure European buildings do not just help to address energy efficiency, but are also adapted to climate change, contribute to better indoor air quality, enhance people’s well-being and help meet the needs of vulnerable populations. If done well, renovation projects can contribute to energy security, job creation, lower bills for end-consumers and enhance smarter use of resources.
This online Policy Dialogue will discuss the state of the European building stock, and how the Renovation Wave Strategy can help support climate action while also bringing economic and societal benefits in the post-COVID-19 green recovery.