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Five hidden gems in the EU’s recast buildings directive
(EurActiv, 8 Dec 2023) Lack of finance remains the most frequently reported reason why building owners don’t upgrade their homes to a more energy-efficient one. Peter Sweatman lists five “hidden gems” in the recast EU Buildings Directive which can deliver this.
Peter Sweatman is the CEO of Climate Strategy & Partners, a leading climate consultancy based in Madrid.
This week was a good one for energy efficiency and buildings.
It started with 118 countries pledging to double their rate of energy efficiency improvements by 2030. By mid-week, a 27-country COP28 “Buildings Breakthrough” coalition pledged to deliver near-zero emission and resilient buildings, and last night a political agreement was reached on the recast of the EU Buildings Directive.
With seven short years until 2030, it’s about time. The IEA believes that energy efficiency measures can deliver half the pre-2030 CO2 reductions required under the Paris Agreement. They say that this would also drop household energy bills in advanced economies by a third, create an additional 4.5 million jobs globally and greatly enhance Europe’s economic resilience and energy security.
Yet on the ground, “lack of finance” remains among the most frequently reported reasons why building owners don’t upgrade their homes, and many banks offering green mortgages and loans for home renovations are underwhelmed by their customer demand.
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EurActiv, 8 Dec 2023: Five hidden gems in the EU’s recast buildings directive
