This new BPIE's gap analysis answers the question: Is the Renovation Wave action plan leading to adequate measures, putting the EU on track to achieve its 2030 climate objectives?
In this analysis, the Buildings Performance Institute Europe (BPIE) urges the European Commission to intensify political coordination and coherence in the implementation phase of the Renovation Wave strategy, to ensure full decarbonisation of the EU building stock in line with the EU climate goals.
According to the analysis, the Renovation Wave’s ambition should lead to an annual deep renovation rate from 0.2% to 3% to achieve the 60% GHG emissions reductions of buildings, required to achieve the EU 2030 climate targets. BPIE’s proposed ambition level indicates that renovation efforts required to achieve EU climate targets in reality represents a factor of fifteen compared to current practice.
BPIE urges the European Commission to use the upcoming legislative revisions within the Fit for 55 package as an opportunity to take immediate measures, which, among other recommendations, should include a comprehensive revision of the Energy Performance of Buildings Directive.