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Eco-renovation a potential goldmine for Union members

New study published

A study by Copenhagen Economics has shown that European Union member states could collect up to €128bn by 2017 through additional income and corporate taxes, and lower social costs from renovation programmes that are intended to improve energy efficiency in buildings. A further €75bn would be saved by the public sector from reductions in energy bills and between 750,000 and 1.5million new jobs could be created by 2020.

The Renovate Europe conference discussed measures such as reforming property legislation to allow landlords and tenants to share renovation costs and energy savings; linking property taxes to the energy labelling of buildings; and extending public renovation budgets beyond the customary one year. These measures could play a role in the 2014 renovation roadmaps that member states must prepare as part of the Energy Efficiency Directive.

Energy Performance Contracts (EPCs) were also trumpeted as a potential measure. EPCs – which are supported by a Commission campaign - are risk-sharing programmes where energy service companies guarantee that energy savings will be achieved by installed equipment.

In addition, local authorities in the Energy Cities association have issued a declaration to reaffirm that mayors are committed to a low-carbon economy.

Click to see the press release from Energy Cities.

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This project has received funding from the European Union’s Horizon 2020 Programme for research, technological development and demonstration under grant agreement No 6419747th FWP