To succeed in renovating the European building stock by 2050, all the governance levels need to be involved, from local to national, French MP Marjolaine Meynier-Millefert told EURACTIV, adding that people who cannot afford the costs of renovation must not be left behind.
Deutsche Hypothekenbank in Germany and Ecology Building Society in the UK were the latest to join a group of 37 pioneering banks offering an energy efficiency mortgage pilot scheme to homeowners.
The EU’s next long-term budget for 2021-2027 offers a unique opportunity to demonstrate the tangible benefits that EU policies and funding can deliver to citizens on the ground, argues Adrian Joyce.
The multiple benefits of building renovation programmes include known advantages in terms of reduced energy bills and job creation. But less is known about other benefits like avoided healthcare costs, and even higher exam success rates for students, writes Adrian Joyce.
A social housing project in one of Brussels' poorest neighbourhoods aimed to demonstrate that renovation doesn't have to be expensive and brings many other side benefits – a notion that resonates with what policymakers are trying to achieve on the other side of town, from the posher buildings of the EU district.
Energy efficiency renovation can alleviate fuel poverty and bring a raft of health and societal benefits. While the EU could do more to boost renovation, several governments have shown that effective answers can be found at a national level.
Homeowners typically don’t have the capital to invest in energy renovation solutions, despite the proven returns. Danish pension fund PKA helps bridge that gap with a one-stop-shop solution which, it believes, could be replicated across Europe.