EU Climate Change Latest News: Green Stimulus for CO2 Emissions from Buildings


The business district in Brussels, Belgium.
Photographer: Jasper Juinen/Bloomberg
Photographer: Jasper Juinen/Bloomberg
The European Union wants to at least double the pace of renovation of homes and offices over the coming decade in a bid to save more energy and meet stricter climate goals under a sweeping green overhaul.
The Renovation Wave strategy, to be unveiled by the European Commission on Wednesday, will outline steps needed to accelerate upgrades of more than 200 million existing buildings — including insulation and change of heating equipment — at a cost of nearly 300 billion euros ($355 billion) per year, according to draft EU documents seen by Bloomberg News.
Explore dynamic updates of the earth’s key data points
Buildings account for more than a third of EU greenhouse-gas emissions, and improving their energy efficiency is a prerequisite for Europe to meet its Green Deal goal of becoming the world’s first climate-neutral continent by