It was impossible to imagine a year ago. It’s hard to believe today, but the world might well move on the post-Paris Climate Agreement without Europe!
“BRINGING THE BUILDINGS SECTOR TOGETHER TO DELIVER A RENOVATION REVOLUTION”
In April, countries around the world signed the historic Paris Agreement reached at COP 21. Europe must now raise its ambition, and one of the greatest environmental and societal challenges we collectively face is the renovation of Europe’s buildings.
Delivering the ambitious climate change targets of the Paris Agreement can only be achieved through the effective combination of energy efficiency and renewable energy. Together, they offer the best opportunity to quickly and cost-effectively move towards a decarbonised energy system. It is important that both are delivered through integrated policies and measures in a holistic manner.
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.
On my way back to Paris, I had to go through one of the most heavily guarded airports in the world. Unfortunately for last Thursday’s passengers, the scanner wasn’t very cooperative, and we ended up going through it again and again – without any shoes, belt, jackets or any potentially harmful garment of the sort of course.
In these dark and uncertain economic times, we Europeans hang on to the tiniest sliver of hope. So when a silver lining appears on the energy efficiency front, let’s rejoice:
I may be an engineer by training, but I’m still tolerant. So tolerant in fact, that I can go so far as to willingly enter a room full of economists.
A few months ago, a German colleague of mine from the electricity supply division of the IEA introduced me to visitors as an expert on “that hippie thing”. I don’t know about you, but until that day I had never thought of energy efficiency as something “hippie”.
We hear all the time that one of the major barriers to an efficient building stock is the up-front investment cost and that the way to overcome this barrier is to provide incentives.