The European Union is taking the lead in driving the clean energy transition where buildings have a crucial role to play.
Buildings are the largest energy consumers, accounting for 40% of final energy consumption and 36% of greenhouse gas emissions in Europe. They are also the sector with the largest energy savings potential. About 75% of our building stock in Europe is inefficient, consuming much more energy than it should. The renovation rate of the building stock is very low (around 1% per year on average) and it should significantly scale up to enable achieving our 2030 energy efficiency objectives, but also our longer-term decarbonisation goals.
Significant investments in buildings are needed to achieve these goals, which go far beyond the financial possibilities of the public sector and will require unlocking a large amount of private investments. This aim of this session is to discuss on how to improve access to finance for energy efficiency investments in buildings in order to address the huge financing challenge ahead.
This event will feature keynote speeches and an expert panel bringing together high-level representatives from the real estate sector (developers, investors, managers, advisors) as well as public authorities, financial institutions and other energy efficiency market stakeholders.
The session will provide an opportunity for a lively discussion about innovative financing solutions, the role of financial institutions and investors to scale up efforts and re-orienting investments to decarbonise the building stock, barriers, the EU taxonomy of sustainable activities, green financial products, carbon pricing and perspectives from the EU policymakers’ and market players. The audience will have the opportunity to interact with speakers.
The event will be co-chaired European Commission (DG Energy), ZIA (Zentraler Immobilien Ausschuss), EBRD (European Bank for Reconstruction and Development) and BMU (the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety).