January 7, 2021
Lighting is the easiest and most effective weapon in the armoury for accelerating the pace of building renovation
LED lighting will be crucial to the success of an ambitious continent-wide initiative by the European Commission to reboot Europe’s battered economy and combat climate change.
Buildings account for about 40% of the EU’s total energy consumption yet as little as 1% are renovated each year. This low rate presents a massive opportunity to make energy savings and deliver on the Commission’s ambition for a carbon neutral Europe by 2050. But times are a changing.
Last October, the Commission released its Renovation Wave Strategy, which aims to double the rate of building renovation within the next ten years as part of its green economic recovery.
Through the initiative, around 35 million buildings are earmarked for renovation, which should add 160,000 jobs in the sector and support the goal of Brussels to reduce greenhouse gas emissions and strengthen Europe’s digital infrastructure.