BPIE policy factsheet: Attracting investment in building renovation
Achieving a decarbonised building stock by 2050 will require renovation at a faster pace and considerable investment, estimated at around €60-100 billion annually up to 2020, and more thereafter. Public funding alone cannot meet this requirement, therefore it needs to be used in a way that maximises private investment. In this new policy factsheet, BPIE illustrates examples of financing schemes that debunk the myth that attracting private investment in building renovation is difficult. Public funding can play a key role in leveraging private investment.
The factsheet presents the following financing schemes:
- The zero-interest eco-loans in France, offered to building owners and landlords, resulting in nearly 25,000 energy renovations each year.
- The Green Funding Scheme in the Netherlands enables green investors to borrow at a preferential interest rate.
- The incentive scheme for building envelope improvement in Malta, which offers grants towards the cost of double glazing windows and insulating roofs.
- The reconstruction of apartment blocks in Estonia, where public funding (including national and EU funds) are used to provide grants and subsidies for renovation works and supporting activities (design and planning).
Other news in "Information"
Sixty investors have urged the oil and gas sector to do more on climate change and “take responsibility” for its carbon emissions. In a letter to the Financial Times, the group of companies, including Aberdeen Standard Investments (...)
At a meeting in Nigeria this week, nine African cities pledged to cut carbon emissions to zero within the next three decades. The cities include major Africa capitals and urban centres, such as Accra, Cape Town, Lagos, and Johannesbur (...)
Representatives of the twelve smart city ‘lighthouse’ projects, recipients of a combined investment of €263.84 million euro from the European Commission, met to sign a manifesto of cooperation. This manifesto is an agreement between (...)