How Europe will address greenhouse emissions…with eco-friendly buildings

As the world continues to seek ways of curbing carbon emissions, Europe is turning to the construction of eco-friendly buildings.

Consequently, the European Commission plans to double the EU’s annual rate of energy-related building renovations, which is currently just 1%, upgrading 35 million buildings by 2030.

Available data shows that a third of EU carbon dioxide emissions come from buildings.

We want to make private homes & public buildings more energy efficient & comfortable across Europe.

That’s why we are launching today a European Renovation Wave.

This will help us reach our climate targets. It will create new jobs & it will reduce energy bills for citizens. pic.twitter.com/VH5AyhNwxN

— Ursula von der Leyen (@vonderleyen) October 14, 2020

Upgrading social housing alone would require an extra 57 billion euros ($67 billion) in annual investment, and EU support will come from a 672.5 billion euro section of its massive coronavirus economic recovery fund.

Central to the EU plan will be binding minimum energy performance standards for all existing buildings in Europe.