Multiple benefits of renovation in buildings - PU Europe
Multiple benefits of renovation in buildings - PU Europe
Multiple benefits of renovation in buildings - PU Europe
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<strong>Multiple</strong> <strong>benefits</strong> <strong>of</strong> <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> energy<br />
efficient <strong>renovation</strong> <strong>of</strong> build<strong>in</strong>gs<br />
Figure 7 Share <strong>of</strong> energy sav<strong>in</strong>g potential by country, 2030<br />
pct.<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
Germany France United<br />
K<strong>in</strong>gdom<br />
Italy Poland Spa<strong>in</strong> Czech<br />
Republic<br />
Rest <strong>of</strong> EU<br />
Share <strong>of</strong> energy sav<strong>in</strong>g potential<br />
Note: Energy sav<strong>in</strong>g potential is measured by Mtoe.<br />
The figure shows the distribution <strong>in</strong> 2030. A similar picture holds for the potential <strong>in</strong> 2020.<br />
The full distribution <strong>of</strong> potentials on countries can be found <strong>in</strong> the appendix.<br />
Source: http://www.eepotential.eu/esd.php<br />
The gross <strong>in</strong>vestment costs associated with meet<strong>in</strong>g this energy sav<strong>in</strong>g potential is estimated<br />
to be app. €41 billion annually from 2012-2020 <strong>in</strong> the low EE scenario, and €78<br />
billion <strong>in</strong> the high EE scenario. In order to reach the potential <strong>in</strong> 2030 a similar annual<br />
amount is needed. 16<br />
1.4 Quantifiable <strong>benefits</strong> from <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> energy efficient<br />
<strong>renovation</strong> <strong>of</strong> build<strong>in</strong>gs and the impact on public f<strong>in</strong>ances<br />
In this section we quantify the <strong>benefits</strong> from energy efficient <strong>renovation</strong> <strong>of</strong> build<strong>in</strong>gs described<br />
<strong>in</strong> Figure 5. In addition to the <strong>benefits</strong> we have been able to quantify, there are<br />
likely to be additional <strong>benefits</strong>, which are more difficult to quantify and are beyond the<br />
scope <strong>of</strong> this paper. Three such <strong>benefits</strong> are the improved life quality <strong>of</strong> liv<strong>in</strong>g <strong>in</strong> a more<br />
comfortable liv<strong>in</strong>g environment e.g. through a high average liv<strong>in</strong>g room temperature<br />
(<strong>benefits</strong> which goes beyond the health <strong>benefits</strong>, which we have tried to quantify), the<br />
value <strong>of</strong> reduc<strong>in</strong>g EU’s energy supply dependence on third-countries, and the reduced<br />
dependence on volatile fossil fuel prices. All our calculations and assumptions are elaborated<br />
<strong>in</strong> the Appendix, while we <strong>in</strong> the ma<strong>in</strong> text suffice to describe our results.<br />
16 The <strong>Europe</strong>an Commission (2012), Annex 1 f<strong>in</strong>ds that €60 billion per year is needed from 2012-2020 <strong>in</strong> order to reach the<br />
energy efficiency potential <strong>in</strong> both exist<strong>in</strong>g build<strong>in</strong>gs and <strong>in</strong> new build<strong>in</strong>gs. We focus only on renovat<strong>in</strong>g the exist<strong>in</strong>g<br />
build<strong>in</strong>g stock.<br />
For more <strong>in</strong>formation on <strong>in</strong>vestment cost <strong>of</strong> renovat<strong>in</strong>g build<strong>in</strong>gs, see BPIE (2011) who estimate present value <strong>in</strong>vestment costs<br />
<strong>of</strong> various different energy sav<strong>in</strong>g scenarios.<br />
15