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Wednesday | October 28 | 2020

The European Union wants to renovate 35 million buildings by 2030

The European Commission announced on Wednesday its intention to double the rate of buildings renovation in the next ten years, in order to increase their energy efficiency and accelerate the transition to climate neutrality, DPA reports.

This would mean that by 2030 35 million buildings could be renovated and up to 160.000 additional ”green” jobs could be created in the construction sector.

Buildings are currently responsible for around 40% of EU energy consumption and 36% of greenhouse gas emissions. However, only 1% of buildings are subject to energy-efficient renovations each year.

In order to meet the Commission’s September 2020 target of reducing emissions by at least 55% by 2030, the EU must reduce its greenhouse gas emissions by 60%, energy consumption by 14% and energy consumption by heating and cooling by 18%.

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