Related content for project "Buildings in Recovery Plans" (project ID 50022)
Modernising the EU's building stock is essential to meet the twin goals of climate action and green recovery. The building sector is responsible for 27 % of total greenhouse gas (GHG) emissions and for 36 % of energy-related GHG emissions when considering direct and indirect GHG emissions. According to the European Commission, building renovation rates must double to contribute to the envisioned 55 % emission reduction by 2030 – and this in turn is vital to go climate neutral by 2050.
Modernizing the EU's building stock is essential to meet the twin goals of the reduction of GHG emissions and green recovery. This short project therefore focuses on the two goals and argues for spending a specific share of the national Recovery and Resilience Facility (RRF) funds on building renovation. The recommendation is to allocate RRF funds according to the building sector's share of total GHG emissions, in line with the EU's green recovery commitments and the requirement to spend 37 % of the Recovery and Resilience Facility grants and loans on climate-related investments. For full results check out the related think piece.