The European Commission (‘EC’) adopted ‘Fit for 55’ encompassing a package of proposals to make the EU’s climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
Fit for 55 is a suite of legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform our economy and society for a fair, green and prosperous future.
Measures to promote decarbonization of buildings are an integral part of Fit for 55, including:
- Indicative Member State Contributions to EU-wide energy efficiency targets
- Legal mandates to make energy efficiency a priority in planning and investment decisions
- Required renovation rates of 3% by Member States of the total floor area of all public buildings
- Energy use reduction targets of 1.7% per year in the public sector by Member States
- Recommended public sector use Energy Performance Contracts in the renovation of large non-residential buildings
- Contractual rights on heating, cooling and hot water
Sectors: Buildings, Finance
Country / Region: EuropeTags: Banks, citizens, domestic heating, emissions, energy, energy efficiency, global climate, Industry Regulators, Institutional Investors, land use, mandates, National Regulators, performance contracting, SMARTER, Supranational Regulators, targets, transport
In 5 user collections: Green Home Investment Platform – Industry Regulators , Green Home Investment Platform – National Regulators , Green Home Investment Platform – Supranational Regulators , Green Home Investment Platform – Institutional Investors , Green Home Investment Platform – Banks
Knowledge Object: Web Resource
Author: European Factsheet