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Multiple benefits of investing in energy efficient renovation of buildings: Impact on Public Finances
Energy savings through the renovation of the existing building stock is one of the most attractive and low cost options to reduce the emissions of CO2 and potentially improve energy security by reducing imports of fossil fuels. In addition to the permanent benefits these renovations may bring, it will also produce a much needed stimulus to the European economy at a time of economic underperformance, spare capacity and record low real interest rates in a number of countries.
By reducing energy consumption and focusing on indoor climate issues when renovating, co-benefits can be achieved such as reduced outlay on government subsidies, and improved health due to less air pollution and a better indoor climate, both of which also lead to fewer hospitalizations and improved worker productivity.