Financing a deep renovation wave
Recovery and beyond
The European Union has a total of 260 million building units, which represent 40% of our energy consumption and 36% of our greenhouse gas emissions. The building sector is the largest single energy consumer and carbon emitter in the EU. Building is the mother of all battles against climate change.
To align our building stock with our climate objectives (55% reduction in our GHG emissions by 2030 and achieve carbon neutrality by 2050), financing needs are estimated at 300 billion euros per year in energy renovation.
How to face this immense challenge and find the means to finance it? Here are some answers developed by the experts on the subject.