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On the way to a CLIMATE-NEUTRAL EUROPE
2020-12-03
Author: BPIE
Region of Activities: Europe
Type: Report

Findings of this report show that doubling the overall energy renovation rate of 1% is insufficient to achieve more ambitious GHG emission reductions of 55% compared to 1990 levels.   In reality, Europe needs to reach a minimum 3% annual deep renovation by 2030 to achieve the 60% emissions reduction in buildings, which is what the Renovation Wave highlights as needed to meet a 55% climate target and keep the EU on track towards climate-neutrality. 

Alongside with reducing energy consumption through building renovations, accelerating renewable energy penetration together with a systemic fossil-fuel phaseout, is paramount to decarbonize the building sector. Our paper finds that renewable energy must increase to 53% of the final energy mix in buildings, while fossil fuels must decrease to 47% total by 2030.