The building blocks for economic growth: building renovation

On 25 March 2015, the Joint Research Centre launched its report “Energy Renovation: The Trump Card for the New Start for Europe” at DG GROW’s Construction 2020 event, finding that a concerted effort is needed to weed out inefficient buildings from the European building stock to harvest growth in the EU economy.

The report highlights the critical role of building renovation not only in reaching the EU 2020 targets and increasing energy security, but also for jobs, energy and cohesion policies. EuroACE strongly welcomed its findings as a clear indication that renovating the EU building stock can deliver benefits from energy security to employment and growth.

“This report puts the building sector in the context of our European economy and shows that there is a way forward with a realistic renovation strategy,” added MEP Claude Turmes.