Sustainable renovation is key to green recovery, industry says

(EurActiv, 1 Jun 2021) Building renovation is a good way to spend the EU’s recovery fund and help Europe build a sustainable economy after the COVID-19 pandemic, but it must be done sustainably, industry representatives say.

Renovation helps cut down on greenhouse gas emissions, improves people’s welfare and boosts the local economy, making it a good investment for EU countries looking to spend their portion of the €672.5 billion recovery fund.

Alongside this, it has the advantage of creating benefits across socio-economic groups and regardless of geography – unlike investing in infrastructure or renewables which are focused on one place.

“You’re looking at construction companies where 95% have less than 10 employees. They work locally within a 50 kilometre radius. It’s all about local jobs and local benefits,” said Mirella Vitale, vice president of insulation company Rockwool.

“This whole wealth distribution aspect is what makes renovation so important, especially in the context of the recovery plans. We’re talking about better living conditions for families regardless of their income levels. And at the end of the day, the asset – the energy-efficient building – stays with the homeowner,” she told EURACTIV.

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EurActiv, 1 Jun 2021: Sustainable renovation is key to green recovery, industry says