Buildings are voracious consumers of energy. Residential, commercial and public structures account for more than 40% the EU’s total energy bill.
This vast consumption of power – it is more energy than is used in transport or industry – is largely due to needless waste of precious energy resources by inefficient buildings, which have inadequate levels of insulation.
The EU’s long-term target(1) is to reduce greenhouse gas emissions by 80-95% (compared to 1990 levels) by 2050. With Europe seeking to safeguard a sustainable supply of energy, the obvious starting point for action is to target the greatest energy wasters.
Energy dependency can be slashed if energy efficient renovation is successfully encouraged. In fact, the energy performance of today’s building stock could be improved by over 80%(2).
Eurima has produced a groundbreaking energy efficiency roadmap for policymakers. It outlines how Europe can increase the rate of building renovation and drive much-needed energy efficiency improvements. The energy efficiency of Europe’s building stock holds the key to resolving the challenges of fuel poverty and security of energy supply . Promoting very low energy buildings will not only reduce household enegy bill, it will also help to reduce the carbon footprint of our building stock.
Getting there will require a coherent framework for public and private financing mechanisms that can overcome practical barriers to achieving energy efficiency. Having analysed existing policy instruments - regulatory, economic, communicative or organisational - Eurima has identified optimal policy packages to fit all building types and tenure situations.
(1) Source: European Commission - Low Carbon Economy Roadmap in 2050
(2) Source: EURIMA - A Policy Framework for Financing Deep Renovations in the EU Building Stock