BPIE’s Action Plan provides evidence-based recommendations for all actors across the value chain of the building sector, including: EU institutions, Member States and local authorities, market actors such as retail and commercial banks, institutional investors, building designers, architects and engineers, manufacturers of building materials and technologies, construction companies (multinationals and SMEs), real estate developers, suppliers of electricity and fuels, and building and home owners.
 
Oliver Rapf, executive director of BPIE, said: “As we are confronted by the coronavirus crisis it is time to consider combined responses to our biggest challenges. We can address climate change and support the economic recovery at the same time, e.g. by getting serious about launching a renovation wave. This would be a collective effort which creates better living conditions for all. While policy-makers have a decisive responsibility in leading the transformation of the building sector, everyone has a role to play. Actions across sectors must be aligned, working towards a united vision.”
 
Mr Rapf continued: “We are anticipating a complete transformation. Not in the form of a shock but as a well-prepared integrative process: construction and renovation practices, the way buildings are integrated with power and heat networks, strategies to make buildings resilient to the impacts of climate change, the use of digital technologies, how renovations are financed and many other practices will need to evolve compared to today’s standards.”
 
The European Commission is expected to deliver a detailed “renovation wave” strategy by the third quarter of 2020. The building sector represents significant potential for economic growth, CO2 emissions reductions and improved quality of life. It is responsible for 40% of Europe’s energy demand and 36% of CO2 emissions.

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