A budget to scale up energy renovations in the EU
As discussions on the EU’s next Multiannual Financial Framework (MFF) move forward, the Renovate Europe Campaign has published its position paper on the EU budget for 2028-2034. The next budget is a critical opportunity to deliver on competitiveness, affordability, resilience and energy security, and buildings must be at the heart of it.
Energy renovation is one of the smartest investments Europe can make: buildings account for around 40% of EU energy use and 36% of emissions, and every €1 invested in energy efficiency can generate up to €12 in energy savings. Yet the investment gap remains significant.
Renovate Europe calls for:
- A dedicated building renovation priority in the National and Regional Partnership Plans
- An EU Renovation Loan Facility under the European Competitiveness Fund/InvestEU architecture
- A performance and tracking methodology that captures real energy savings, social impact and delivery quality
Beyond funding, the next EU budget must also support implementation on the ground, from technical assistance to local delivery capacity.
