INVESTING IN RENOVATION
IS CRUCIAL TO TACKLE
FUTURE ENERGY CRISES
Governments across Europe are allocating huge funding to shield families from the current energy crisis. If they want to protect them for the future, public policymakers must support the renovation of existing buildings to reduce both our energy bills and carbon footprint.
Investing in renovation is both a public health and social issue. A BPIE3 study found that improving the quality of housing helps lessen illness and its consequences, such as absenteeism and reduced productivity. Building renovation also boosts growth and job creation - for every €1m invested in building renovation, 18 jobs are created on average across the EU.
Share data
€275 B1
Funding an energy efficient future
Annual additional investment in building renovation required to meet EU’s 2030 climate target
€600.4 B2
The escalating cost of the energy crisis
Funds earmarked to support rising energy costs in the EU (since Sept.2021)
[1] Questions & Answers on the Renovation Wave - European Commission, October 2020
[2] National fiscal policy responses to the energy crisis - Bruegel, January 2023
[3] Building Renovation : A kick-starter for the EU recovery - BPIE, 2020.