EU Council first draft of conclusions regarding the Renovation Wave

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.

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The most energy inefficient buildings could become unrentable or unsellable in the future to significantly stimulate the rate of deep renovation in all EU countries

Introduction

Buildings are a central part of our daily lives, and we spend a large part of our days in them – at home, at work, or during our spare time.

In its different forms – homes, work places, schools, hospitals, libraries or other public buildings – the built environment is, however, the single largest energy consumer in the EU. And one of the largest carbon dioxide emitters.

Collectively, buildings in the EU are responsible for 40% of our energy consumption and 36% of greenhouse gas emissions, which mainly stem from construction, usage, renovation and demolition.

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EU Renovation Wave and Direct funding for energy efficient building and renovation projects

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.

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Introducing the IMMUNE™ Building Standard. A future-proof COVID-19 response

1. What is IMMUNE™?

The IMMUNE Building Standard™ is the first, Open Source Global Certification Standard to certify built environment’s level of immunity to a health crisis such as the current pandemic. The standard is inspired by technologies and procedures successfully applied in hospitals and “clean rooms” and adapted for use in commercial real estate development.

It is composed of a comprehensive set of 100+ recommended measures, technical solutions, and facility management practices, to certify how built environments, at any stage of their life cycle, can withstand present and future health challenges and minimize the impact of a pandemic and a bacteriological or toxicological threat such as COVID-19. IMMUNE™ covers building types such as Offices, Hospitality, Retail, Residential, Health Care, and Education.

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Council’s European Semester 2020 Romania-specific Recommendations

The European Semester is the process by which, on the basis of European Commission research, all EU council member states develop a set of recommendations to each individual member state, focused on what needs to be done to address economy concerns and ensure that its spending trajectory and financial and housing markets do not cause systemic risk to the Eurozone and to the Union.

Starting in 2012, Real Estate has been a leading area of focus for the ES. Most member states have been motivated to adopt recurrent property taxation, modernise their property registers, simplify shopping centre investment, reform planning laws and/or liberalise housing rental markets.

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EU member states long-term renovation strategies

While most EU member states have not yet submitted their long-term renovation strategies, countries such as Spain and Belgium have registered significant progress on the topic, following up on an emerging trend set by France and Holland.

The gradual tightening of energy efficiency renovation requirements is a union-wide goal and EU countries are planning for strategies that involve both residential and commercial sectors.

In some cases, owners will be motivated to renovate by a certain deadline via financial incentives, and in other cases via legislature.

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