Renovation Wave: European Commission aims to boost energy efficiency

Geography: Europe
Sector: All Sectors / General Economy

Read More: Renovation Wave

On October 14, the European Commission (EC) published its new Renovation Wave Strategy to improve the energy performance of buildings. It aims to double renovation rates in the next 10 years while ensuring that renovations lead to higher energy and resource efficiency. According to the EC, 35 million buildings could be renovated and up to 160,000 additional green jobs created in the construction sector by 2030. Such energy-efficiency renovations are considered crucial for making Europe climate-neutral by 2050.

The Renovation Wave seeks to improve the quality of life for people living in and using the buildings, reduce greenhouse gas emissions, promote digitalization, and enhance the reuse and recycling of materials. It will focus on action in three core areas:

  • Decarbonization of heating and cooling
  • Tackling energy poverty and worst-performing buildings
  • Renovation of public buildings like schools, hospitals, and administrative buildings.

Executive Vice-President for the European Green Deal Frans Timmermans said:

“We want everyone in Europe to have a home they can light, heat, or cool without breaking the bank or breaking the planet. The Renovation Wave will improve the places where we work, live and study, while reducing our impact on the environment and providing jobs for thousands of Europeans. We need better buildings if we want to build back better.”