Brussels wants to renovate 400 buildings per hour by 2030
New European strategy promises to boost the construction sector and generate another 160,000 jobs. With this wave of renovation the EU wants to decarbonise 35 million buildings in the European Union and create 160,000 green jobs in construction.
This initiative by the European Commission for the rehabilitation and improvement of energy efficiency in 35 million homes, businesses, schools, hospitals and other buildings in the 27 Member States of the European Union (EU) over the next decade. It will be able to create 160,000 more green jobs in the European construction sector.
The European Green Pact, and its set targets for reducing greenhouse gas emissions are so ambitious, that an average of 400 buildings per hour will need to be decarbonised between 2021 and 2030. And it cannot stop there if Europe really wants to be the first continent to achieve climate neutrality by 2050.
In order to reduce emissions in the European Union by 55% by 2030, Brussels estimates an additional annual investment for building renovations at around €275 billion.
It will be an important factor in real estate rehabilitation of the future, as it will also be an engine of employment that involves the labor-intensive construction sector, and many other crafts linked to sustainable construction and energy efficiency, not forgetting smart housing technology to reduce the energy bill of residential and non-residential buildings, as well as their emissions.
Because buildings and real estate account for more than 40% of energy consumption and their energy-related greenhouse gas emissions in the EU. We cannot forget that about 85% or 220 Million existing and inhabited buildings in the European Union form built before the 21st century.