Housing is the key to saving 330,000 million euros in energy imports

ING calls for tax credits and subsidies to incentivise decarbonisation

Improving the energy efficiency of the building stock could reduce not only CO2 emissions, but also the EU’s annual bill of €330 billion in energy imports, according to a report published by ING. In this scenario, the European Union has taken steps to move towards a more sustainable future, taking into account that the residential sector has a fundamental role. The new targets adopted by Parliament in July 2023 set a collective reduction in energy consumption of at least 11.7% at EU level by 2030.
“The residential sector has a key role in the ecological transition because buildings represent almost 40% of the final energy consumption of the European Union and 8% of the total emissions of Spain’s greenhouse gas inventory,” explains the report, which highlights that “Spain has a challenge in energy efficiency, since “more than 80% of homes have an E, F or G energy rating”. The regions with the lowest percentage of buildings with an E, F and G rating are Navarra, Castilla y León, La Rioja, Madrid, Galicia and Andalusia.

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