EU Renovation Wave
The Renovation Wave is part of the EU Green Deal and focuses on a refurbished and improved building stock in the EU, which will help pave the way for a decarbonized and clean energy system, as the building sector is one of the largest energy consumers in Europe, responsible for more than one third of the EU’s emissions.
In practice, the Renovation Wave has an important role in facilitating access to EU funding for energy efficient building renovation.
The renovation wave will address current low decarbonization and renovation rates of around 1% across the EU and tackle the underlying barriers for improving the energy efficiency of the EU building stock. Currently, roughly 75% of the building stock is energy inefficient, yet almost 80% of today’s buildings will still be in use in 2050.