The European Commission has just released a communication to the European Parliament and Council detailing an action plan on sustainable growth and employment in the construction sector and the European Union.
The construction sector plays an important role in the European economy. It generates almost 10% of GDP and provides 20 million jobs, mainly in micro and small enterprises. Construction is also a major consumer of intermediate products (raw materials, chemicals, electrical and electronic equipment, etc.) and related services. Because of its economic importance, the performance of the construction sector can significantly influence the development of the overall economy.
The quality of construction works also has a direct impact on the quality of life of Europeans. Not least, the energy performance of buildings and resource efficiency in manufacturing, transport and the use of products for the construction of buildings and infrastructures have an important impact on energy, climate change and the environment.
The competitiveness of construction companies is therefore an important issue not only for growth and employment in general but also to ensure the sustainability of the sector. The sector could contribute significantly to job creation1 by increasing its activity in some very promising areas, such as the renovation of buildings and in infrastructure, with support through, for example, appropriate policies to promote demand but also to encourage investment. Thus, the construction sector plays an important role in the delivery of the Europe 2020 Strategy on smart, sustainable and inclusive growth. Furthermore, the Commission’s Communication on the ‘Energy Roadmap 2050’2 points out that higher energy efficiency in new and existing buildings is key for the transformation of the EU’s energy system.
Please see the relevant BUILD UP publication here.