Briefing 2/2020: financing deep energy renovation, leveraging the Just Transition Mechanism and carbon revenues

Renovating 97% of the EU building stock will cost in excess of €300 billion a year for the next 30 years: around €1 billion a day until 2050. Yet the International Energy Agency estimates that implementing energy efficiency aggressively could deliver benefits of €500 billion a year, and the EU already faces an annual investment gap of €130-200 billion to meet its 2030 targets.

As part of the #GreenDeal4Buildings campaign, this briefing by the Renovate Europe Campaign looks at how the Just Transition Mechanism and carbon revenues can be leveraged to finance deep energy renovation.

Efficient Buildings Europe is a partner of the Renovate Europe Campaign.