Multiple benefits of renovation in buildings - PU Europe
Multiple benefits of renovation in buildings - PU Europe
Multiple benefits of renovation in buildings - PU Europe
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<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 15 Annual improvement <strong>of</strong> public f<strong>in</strong>ances, 2020<br />
Billion EUR<br />
50<br />
40<br />
Total: 30<br />
Total: 40<br />
30<br />
20<br />
10<br />
0<br />
-10<br />
27<br />
19<br />
6<br />
5<br />
9<br />
12<br />
-4 -6<br />
Low EE scenario<br />
High EE scenario<br />
Health <strong>benefits</strong> Reduced outlay on subsidies Lost tax revenue from energy taxation Energy sav<strong>in</strong>gs<br />
Note: The improvement <strong>of</strong> public f<strong>in</strong>ances is a subset <strong>of</strong> the overall <strong>benefits</strong> to society<br />
The rebound effect has been taken <strong>in</strong>to account<br />
Source: Copenhagen Economics<br />
In addition to these more endur<strong>in</strong>g <strong>benefits</strong>, there will be a positive effect from <strong>in</strong>creas<strong>in</strong>g<br />
economic activity <strong>in</strong> a period <strong>of</strong> economic downturn. This benefit amounts to a one-<strong>of</strong>f<br />
ga<strong>in</strong> <strong>of</strong> €153 billion which will fall to society between 2012-2017 if the low EE scenario is<br />
followed, and €291 billion if the high EE scenario is followed, cf. Figure 16. This <strong>in</strong>creased<br />
activity also br<strong>in</strong>gs means that public budgets will be improved by €67 billion and €128<br />
billion respectively.<br />
24
Change language