This report assesses the ability of Social, Public and Cooperative (SPC) Housing organisations to achieve both their own objectives and those of the European Union for the period towards 2020. The report offers quantified insights into expected reductions in energy consumption and recommends policy actions to accelerate progress to the desired level in this sector.
During the survey leading to the report, a cross-European analysis of trends and projections in the sector was conducted. The survey covers 16 of 24 EU countries, accounting between them for around 60% of the total SPC housing stock of 27 million dwellings. According to the report's findings, there is an estimated funding gap of 180.6 billion € between industry experts' projections of market growth, and the EU's energy efficiency targets for 2020.
Survey data also shows that the average energy performance of SPC housing due for renovation in Europe sits at an energy efficiency label of E or F. At the current level of average expenditure per refurbishment, a reduction in energy demand of around 40% can be expected – enough to raise an E or F-rated building to roughly a C label. Recent results from the BEEM-UP project demonstrate that reducing energy demand by more than 70% through deep energy refurbishment is indeed feasible in the long term. In most cases, such an energy saving would be enough to reach an energy efficiency label close to A.
You can download the report here.