EU still can't prove €43 billion in home renovations saved energy
Auditors said only 3 of 111 renovation measures set actual energy-saving targets, while weak monitoring left billions spent without proof of savings.
10 Articles
10 Articles
EU retrofit scheme wasting billions for little effect
EU-funded home renovation schemes are delivering only modest energy savings, with auditors warning billions are being spent on easy upgrades rather than deeper work that would cut consumption for decades. The European Court of Auditors said measures backed by the Recovery and Resilience Facility, the EU’s COVID recovery fund, too often favour faster projects such as window replacements and solar panels over major renovations capable of cutting e…
On Tuesday, the European Court of Auditors warned that the EUR 43 billion of the European recovery fund aimed at improving energy efficiency in housing is not achieving the greatest possible savings, considering that Community funding has prioritized faster and easier-to-implement reforms in the face of more far-reaching and long-term impact rehabilitations.
According to the European Court of Auditors, simple housing renovations under this funding represent the largest slice and, in the future, may make it difficult for structural works to improve energy efficiency.
Lack of criteria for the reforms to be financed, as well as inadequate performance metrics, suggest that the EU's €43 billion for energy efficiency is being misapplied.
EU still can't prove €43 billion in home renovations saved energy
The EU accelerated home renovations after the pandemic, but according to its own auditors, it still lacks convincing evidence that the program delivered the energy savings and value for taxpayers that justified its massive investment.
The European Court of Auditors has just established, with supporting figures, that the recovery plan watered up the energy renovation of housing without requiring any result, nor monitoring costs, nor measuring the effects honestly. There is a never-reading literature, which says a lot about how we are governed: the reports of the European Court of Auditors. On 17 June last, the Court adopted its special report 20/2026, devoted to an apparently …
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