Abstract
Financial supporting schemes for the energy upgrading of the building sector in Europe constitute one of the major policies of the European Union (EU). Since the beginning of the 2000s, dozens of funding programs and initiatives have been announced by the European Commission (EC). It is a fact that the majority of these policies have borne fruit, as the metrics on both energy savings in the building sector and the promotion of renewable energy in the built environment have turned the EU into a global pioneer. This paper attempts to give a brief overview of the main policy and financial tools for the energy upgrading of the built environment in Europe. Emphasis is placed on three major mechanisms, which concern different-scale projects: crowdfunding projects, public-private co-financing projects, and large-scale projects funded by financial institutions such as European Investment Bank (EIB). Reference is also made to recently implemented EU funded research programs in this field. This work aspires to constitute a reference study for future research activities in the field of financial supporting schemes for energy upgrading of buildings in Europe.
Highlights
The 2012 Energy Efficiency Directive established and mandate a set of measures dedicated to the achievement of the 20% energy efficiency target by 2020 (EC 2012)
Some of the significant findings of this study revealed that the energy-related funding schemes penetration defers in European member states in terms of advancement and implementation status
Given that the buildings account for almost 40% of the European Union (EU) energy consumption, the importance of the implementation of EBBD is vital for achieving EU energy savings and carbon emission targets as well as to contribute to the Kyoto protocol targets
Summary
Christiana Panteli Frederick University, Cyprus, School of Engineering, 7, Y. Fokaides* Frederick University, Cyprus, School of Engineering, 7, Y. Frederickou Str. Pallouriotisa, Nicosia 1036 Cyprus Kaunas University of Technology, Faculty of Civil Engineering and Architecture, Studentu st. Financial supporting schemes for the energy upgrading of the building sector in Europe constitute one of the major policies of the European Union (EU). This paper attempts to give a brief overview of the main policy and financial tools for the energy upgrading of the built environment in Europe. This work aspires to constitute a reference study for future research activities in the field of financial supporting schemes for energy upgrading of buildings in Europe.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
