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 />
Table A.29 Fiscal multipliers for EU27<br />
Country (Semi) Elasticities (year 2011)<br />
AT 0.47<br />
BE 0.51<br />
BG 0.33<br />
CY 0.43<br />
CZ 0.36<br />
DE 0.51<br />
DK 0.65<br />
EE 0.30<br />
EL 0.42<br />
ES 0.43<br />
FI 0.58<br />
FR 0.53<br />
HU 0.44<br />
IE 0.44<br />
IT 0.49<br />
LT 0.29<br />
LU 0.44<br />
LV 0.30<br />
MT 0.38<br />
NL 0.62<br />
PL 0.38<br />
PT 0.45<br />
RO 0.32<br />
SE 0.61<br />
SI 0.45<br />
SK 0.33<br />
UK 0.46<br />
Average EU 27 0.44<br />
Source: DG ECFIN (2012)<br />
This implies that the accumulated effect on public f<strong>in</strong>ances from 2012-2017 is €67 billion<br />
and €128 billion respectively <strong>in</strong> low and high scenario, cf. Figure A.8.<br />
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