EU has strong environmental ambitions and building stock must be at the center of any efforts to reduce power consumption and decarbonize EU economies.
The Building Performance Institute Europe (BPIE) estimates that 97% of the EU’s buildings will need to be upgraded to achieve the 2050 decarbonization goals. Approximately two-thirds of European building stock was built before 1980. Only about 1% are renovated each year.
BPIE recommends organizations start their journey by maximizing energy efficiencies where possible then looking to renewable energy, developing energy storage capacity, incorporating demand response, and decarbonizing heating and cooling.