In Europe, buildings are responsible for 40% of energy consumption and 36% of CO2 emissions. Currently, about 35% of the EU's buildings are over 50 years old, and by improving the energy efficiency of its building stock the EU could reduce its total energy consumption by 5-6% and lower CO2 emissions by about 5%.

Local governments can influence the efficiency of new and existing buildings in their communities and can deploy a variety of measures, policies and incentives to speed-up renovation, in the public and private sector.

While most renovation decisions are taken at building level by individual owners, optimal integration of RES often requires planning and implementation at a district scale. Financing renovation of the residential sectors remains a great challenge in Europe, where many building owners or occupants simply cannot afford renovation costs, and cannot apply for financing.

Other customers often see high operating costs and poor environment as an acceptable alternative to the time-consuming, disruptive and risky renovation process.

This event will discuss the challenges shared by local governments in Europe, and will bring together a great line-up of experts to share and explore innovative technical, financial, solutions and policies to boost the market uptake of renovation.

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