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 14 Annual <strong>benefits</strong> to society, 2020<br />
Billion EUR<br />
200<br />
180<br />
160<br />
140<br />
120<br />
100<br />
80<br />
60<br />
40<br />
20<br />
0<br />
Total: 104<br />
42<br />
52<br />
Low EE scenario<br />
4<br />
5<br />
Total: 175<br />
88<br />
75<br />
High EE scenario<br />
6<br />
6<br />
Energy sav<strong>in</strong>gs Reduced outlay on subsidies Reduced air pollution Health <strong>benefits</strong><br />
Note: The rebound effect has been taken <strong>in</strong>to account<br />
The total does not necessarily equal the sum <strong>of</strong> the elements due to round<strong>in</strong>g<br />
Source: Copenhagen Economics<br />
Our estimates suggest that by releas<strong>in</strong>g the potential for energy efficiency <strong>renovation</strong>,<br />
public f<strong>in</strong>ances <strong>in</strong> <strong>Europe</strong> can be improved by €30 – 40 billion annually from 2020, cf.<br />
Figure 15. €19 and €27 billion <strong>of</strong> these respectively are <strong>benefits</strong> from improved health,<br />
where our estimates are subject to considerable uncerta<strong>in</strong>ty and should be <strong>in</strong>terpreted<br />
accord<strong>in</strong>gly. Cont<strong>in</strong>u<strong>in</strong>g <strong>in</strong>vestments towards 2030 will most likely double this amount <strong>in</strong><br />
2030. Note that the <strong>benefits</strong> to public f<strong>in</strong>ances are a subset <strong>of</strong> the overall <strong>benefits</strong> to society.<br />
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