The EU Green Deal sets the objective of a climate-neutral EU by 2050. In order to achieve this goal, the annual building renovation rate should at least double by 2030. The investments needed cannot come from the public sector alone and would require substantial private sector involvement.

The European Commission has recognised the potential of pay-for-performance schemes for energy efficiency (P4P) to accelerate building renovation in its “Renovation Wave” communication.

This policy brief provides background information on the P4P schemes and recommendations on how legislators could improve the EU climate and energy framework to encourage the development of P4P schemes across the areas of energy savings obligations, energy markets and building legislation.

>>> Access the full policy brief here.