Resources
I was delighted to hear, last week in Paris, that Vice-President Maros Sefcovic of the European Commission confirmed Europe’s call for “an Airbus for batteries”. Delighted because just like for batteries, we need an Airbus model to renovate Europe and unleash the 4th industrial revolution in the construction sector.
My initial research question, for the International Refurbishment Symposium, was about an ex-ante evaluation of the impacts on the renovation market of the European Commission's proposed Smart Finance for Smart Buildings (SFSB) initiative. To illustrate my theoretical evaluation; I decided to assess how the SFSB would impact the French energy renovation market.
I am not sure if this is good news – or scary news! Here we have two Directives related to buildings under revision in the EU, and their messages are confusing at best. Let's take a closer look at them.
The impact assessment, accompanying the proposal amending the Energy Efficiency Directive (EED) -included in the “Clean Energy for All Europeans” package- projects the building sector to lead the transition of energy demand in Europe.
The above-mentioned impact assessment includes six scenarios:
Executive summary in national languages
The report estimates the EU energy renovation market at EUR 109 billion in 2015 and 882,900 jobs. It shows that the size of the EU energy renovation market could increase by almost half the current energy renovation market if a 40% energy savings target is adopted for 2030. This would lead to more than one million additional jobs.
