New renovation rule set to boost inner-city industry
(euractiv.com 17 Jul 12) Newly adopted EU rules requiring governments to revamp old buildings will generate industrial renovation in cities, say commentators who welcome the energy efficiency directive approved by the European Parliament's energy committee last week (12 July).
The directive requires EU member states to renovate at least 3% of the total floor area of building of more than 500 square meters which are "owned and occupied by their central government".
Although these buildings represent just 12% of the EU's building stock, the European Commission believes this should set the example for private owners, creating a snowball effect.
Adam McCarthy, Director of Government Relations at Johnson Controls and President of EuroAce, representing companies in the building-efficiency sector, said that for every €1 million spent on building regeneration, "you create 19 jobs in and around the construction industry, building or supplying equipment.”
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