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The presented study analyses and compares the possible tracks for the renovation of the EU building stock, quantifying and illustrating graphically energy savings and avoided CO2 emissions, financial impacts and effects on employment.
The study finds that a so-called ‘shallow renovation track’ will completely miss EU`s 2050 objective on reduction of CO2-emissions in the building sector, and fall short on final energy savings, while not providing substantial economic advantage.
On the other hand, a ‘deep renovation track’, combining a focus on energy efficiency with high use of renewables can be considered as a financially viable route, meeting CO2-targets while showing the lowest energy consumption and offering the largest job creation potential of the assessed tracks.
The study was carried out for Eurima, the European Insulation Manufacturers Association. The full study is available at ecofys.com.