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Economic
Sustainability:
Mineral Wool, a committed industry
Mineral wool insulation contributes to an overall reduction in societal energy
use… and it does so one home, one school and one offce building at a
time, thus, providing direct increase of disposable income to its occupants.
For individual households, energy efficiency in buildings
through
measures such as mineral wool insulation
contributes
to significant
monetary savings - up to
600
per year
per household
19
).
For society as a whole, lowering energy imports, which the
European Commission estimates to amount to
400 billion
annually
, would directly translate into available funds that
could be injected into the EU’s economy. Insulating buildings
with mineral wool can reduce energy demand significantly.
Research from Ecofys has shown that
deep renovation of
buildings can cut energy use for heating and cooling of the
EU building stock by 80% by 2050
20
. This would stop the EU
from paying billions of Euros while making them available for
qualitative and sustainable local growth. The economic value
of avoided CO
2
emissions is equally significant for the society
as a whole while better living comfort and conditions will see a
reduction in public health spending.
The construction sector plays an important role in the European
economy. It
generates almost 10% of GDP and provides 20
million jobs
, mainly in micro and small enterprises
21
. However,
the economic and financial crisis has hardly hit this area of
activity (building and infrastructure works fell by 16 % between
January 2008 and November 2011 across the EU-27
22
).
Lowering energy imports,
which the European
Commission estimates to
annually