Practices

The Macroeconomic and Other Benefits of Energy Efficiency

Share this Post:

This report, elaborated by order of the Directorate-General for Energy of the European Commission, sets out the impacts of improvements in energy efficiency in buildings that could come about through the revision of the Energy Performance Buildings Directive (EPBD). In the report, the benefits of energy efficiency in the building sector are divided into seven impact areas:

 

  • Economy and labour market
  • Health and well-being
  • Environmental impact
  • Social aspects
  • Public budgets
  • Industrial competitiveness
  • The value of buildings

However, although the report is structured around these seven impact categories there is considerable cross-over and interaction between many of them.

 

This report attempts to quantify many of the ‘multiple’ benefits of energy efficiency that have been identified by the International Energy Agency (IEA) in its report ‘Capturing the multiple benefits of energy efficiency’. It covers potential costs as well as benefits, but shows that, for the EU as a whole and for most of its Member States, the benefits largely outweigh the costs when assessing a programme of energy efficiency in buildings. These benefits cover all three of the economic, social and environmental spheres.

 

The results in this report thus support the development of a large-scale programme of investment in energy efficiency across Europe’s stock of buildings. However, the report also finds that to realise all the potential benefits of energy efficiency, carefully designed policy will be required. Most notably, to reduce energy poverty to the maximum extent possible, policies should be tailored to target fuel-poor households. In summary, the challenges for policy makers relate to an efficient implementation of an enhanced EPBD and ensuring its proper enforcement.

 

 

To download the report, please visit the relevant European Commission webpage at the link below.