EuroACE highlights the crucial role of energy renovations in achieving the climate targets set for 2040. The report "Why buildings matter for the 2040 climate targets" emphasizes the need for a significant ramp-up of energy-efficient renovations in the building sector. According to the report, a clear trajectory for the buildings sector post-2030 is essential, stressing the importance of adopting a 2040 target aligned with the EU's 2050 objectives. It suggests that the Commission's modeling work should account for the multiple benefits and system value of energy efficiency, including lower discount rates, the positive effect on peak demand management, and the quantification of energy renovation's multiple benefits.