Organised by the Renovate Europe Campaign in partnership with the Lithuanian Presidency of the EU, the third Renovate Europe Day, “Designing Ambitious Renovation Programmes in the EU”, opened with an address from European Council President Herman Van Rompuy and tackled the opportunities for designing ambitious national renovation roadmaps, and the challenges of unlocking the financing they need.
The Energy Efficiency Directive (EED), which entered into force in December 2012, aims to help Member States achieve the EU climate and energy targets through, among other things, renovation of the existing building stock. If 2050 targets are to be met, the energy demand of the existing EU building stock must be reduced by 80% compared to 2005 levels. This means that Member States need to scale up their renovation rate from the current average of 1% to more than 3% per year, and ensure that all renovations are deep or staged deep renovations. They will only be able to achieve this if the necessary financing mechanisms and market drivers are in place.
REDay2013 set out to:
- Provide a platform of exchange on the need for deep renovations and ambitious implementation of Article 4 of the EED
- Highlight the multiple benefits of deep renovations, including improved health and related health-cost savings, job creation, finance and investment opportunities, and climate and energy benefits
- Demonstrate through concrete examples of roadmaps and finance models that deep renovation is the necessary next step for the building sector’s contribution towards climate and energy targets
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