The European Union is aiming to reduce carbon emissions from its building sector by 40% by 2030, and total decarbonisation by 2050, in line with our obligations under the Paris Agreement.
However, only around 1% of the building stock is renovated each year, and to meet even the 2030 target, 177 billion EUR of additional investments will be required each year. Providing this funding is a key challenge, which will require a move away from public grant funding and towards the mobilisation of private funds.
The key way a public authority can leverage private investments, is through the establishment of Financial Instruments.
The workshop on Financial Instruments held on June 20 in Brussels, presented the most interesting success stories that are taking place in the European Union. Among them is the HousEEnvest project, presented by AGENEX.