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Built, Environment

Meeting the EU’s 2030 climate target needs €3.5 trillion of investment this decade to decarbonise Europe’s buildings through renovation, according to a new report from the Green Finance Institute (GFI).

23.11.2021 - 08:02:33

EU Built Environment Has the Largest Climate Investment Gap of Any Sector. Based on Member States’ current plans, the investment gap to 2030 is estimated at €2.75 trillion1, making it the largest climate investment gap of any sector.

(CEEB).

As a next step, CEEB Europe will partner with key players in finance and real estate sectors to join or set up in-country coalitions which will work through the country-specific challenges and opportunities for widescale renovation.

“At COP26 we heard renewed calls for the built environment to fully decarbonise. As this report notes, the investment gap to realise these ambitions is huge. The real gap is now one of collaboration – across the worlds of finance, buildings, policy and more – to align ambition, and establish the practical instruments that help millions of citizens and businesses bring their buildings up to climate-aligned standards. The CEEB model is leading the way here.” – James Drinkwater, Head of Built Environment, Laudes Foundation.

For further information, please contact

1 https://ec.europa.eu/energy/sites/ener/files/eu_renovation_wave_strategy.pdf added to the Commission’s current estimated spend of €85-90bn x10

@ businesswire.com