EU Member States’ long-term renovation strategies (‘LTRS’) are largely not compliant with the Energy Performance of Buildings Directive (‘EPBD’) objectives towards achieving a highly energy efficient and decarbonized building stock by 2050. Furthermore, LTRS are now misaligned with the EU’s strengthened 2030 Climate Target and 2050 climate-neutrality objective. Half of the analysed strategies include an objective at or above 90% GHG emissions reduction, which is in line with the legal requirement of the EPBD Article 2a that requires Member States to set a long-term 2050 goal of reducing GHG emissions in the EU by 80-95% compared to 1990. However, none of the eight strategies targets 100% decarbonisation of the building stock.
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Sectors: Buildings, Finance
Country / Region: Europe
Tags: emissions, energy, GHG emission reduction, global climate, greenhouse gas emissions, Industry Regulators, Institutional Investors, Investors, National Regulators, SMARTER, Supranational Regulators, targetsKnowledge Object: Web Resource
Author: Buildings Performance Institute Europe