Businesses have launched a Renovation Revolution campaign which is needed to reach the renovation and efficiency targets in the EU.
The Climate Group, along with partners CBRE, Danfoss, ROCKWOOL, Signify, and VELUX, has launched the ´Renovation Revolution´ initiative to boost renovation rates across the European Union. With Europe aiming for net-zero emissions by 2050, the initiative seeks to increase energy efficiency in buildings.
Currently, EU renovation rates are at 1% annually, far below the needed 2.5% to reach net-zero by 2030. Existing technologies can reduce industry emissions by over 50% by 2030, but urgent action is needed. Research suggests employing low-emissions materials and reusing components to enhance energy efficiency. The initiative aims to mobilise governments, corporates, and communities to revolutionise renovation efforts.
