Brussels’ Big Building Grab

The EU plans to regulate the renovation of already existing, poorly insulated or ventilated buildings to become carbon neutral by 2050.  The "nearly net-zero" energy efficiency standards for new builds are set to be strengthened.  For the initiative, the Commission will make up to €150bn in regional development, cohesion and recovery funds.  Leading to warmer homes, a boost in property values, lower heating costs, and a blue collar employment boost, the proposal has strong backing from industry and consumer groups.  However, concern is being voiced about the demand it would place on the public sector, building owners and tenants.