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).