EU Parliament passes law to make buildings energy-efficient
![EU Parliament passes law to make buildings energy-efficient](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/03/Depositphotos_287440426_S.jpg)
On Tuesday, the European Parliament passed new legislation mandating member states to accelerate building renovations to enhance energy efficiency and lower the EU’s carbon emissions.
The bill was approved by a majority of 370 members of the European Parliament, with 199 opposed and 46 abstaining.
Given that buildings contribute to 40% of the European Union’s energy consumption, predominantly relying on fossil fuels for heating, implementing these new regulations will prompt the modernization of buildings to consume less energy.
This initiative targets a faster reduction of reliance on Russian gas and aims to reduce household expenses.
Also read: Carbon footprint concerns shake real estate market, investors slash exposure
“This law is going to help people to save money on their energy bills and take people out of energy poverty, while reducing emissions from our buildings and cutting demand for fossil fuel imports,” said Green MEP Ciaran Cuffe, who negotiated the law.
“There is a lot of EU money ready to fund renovations,” Cuffe said in a statement.
According to the newly enacted legislation, the 27 member states of the EU will be obligated to implement recently established standards for non-residential buildings, such as offices or hospitals.
Also read: Cadillac Fairview commits $9.5 million for decarbonization of property in Vancouver
They will also have the opportunity to utilize EU funds to enhance the energy efficiency of these structures.
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