š Context and Authors
The publication titled "Improving Energy Efficiency in Housing: Why Evaluation Matters" is part of the "Evaluation Perspectives" series by the Council of Europe Development Bank (CEB). Written by Horst Wattenbach, a Senior Evaluator, and overseen by Elif Timur, the Head of the CEB Office of Evaluation, this document underscores the critical role of energy efficiency in housing amid the escalating climate crisis and rising energy costs.
ā” Key Findings
1. Energy Efficiency and Climate Crisis: The report highlights that enhancing energy efficiency in housing is essential for tackling the climate crisis and mitigating energy poverty. Currently, energy shortages and escalating prices have intensified energy poverty across Europe, affecting over 50 million households.
2. Deep Renovation Needs: The European Union's residential building stock is in dire need of renovation to meet climate objectives. Presently, only about 12% of buildings have been renovated to comply with these standards, while 35% exhibit poor energy performance ratings. To achieve significant energy savings and alleviate energy poverty, deep renovation is imperative.
3. Investment Needs: The report estimates that achieving high energy performance standards through deep renovations will require considerable investments. The European Investment Bank projects that ā¬1.1 trillion is necessary for building rehabilitation to meet the EU's 2030 greenhouse gas reduction targets.
4. Benefits of Energy Efficiency: Investments in energy efficiency provide a range of advantages, such as lower energy bills, improved comfort within buildings, increased property values, and enhanced efforts in climate change mitigation. Furthermore, there are societal benefits, including reduced air pollution, better resource efficiency, and job creation.
š Evaluation Role
The report emphasizes the importance of evaluation in ensuring that investments in energy efficiency are cost-effective and yield the intended results. It calls for improved planning, selection, and monitoring of projects to optimize energy savings and other associated benefits.
š Publication Details
The publication, released in October 2024, serves as a pivotal resource for stakeholders interested in sustainable housing solutions across Europe, providing vital insights into energy efficiency's role in combating climate change and reducing energy poverty.