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Navigant Research Findings Predict Europe Will Spend $800 Billion on Efficient Buildings

European Energy Efficient Building Spending To Total Nearly $800 Billion

Clean Technica, September 1, 2014

Spending on buildings is a vital part of any country’s or region’s attempts to increase its energy efficiency, and maybe none more so than in Europe, where buildings account for 40% of the region’s final energy consumption and take up 23 billion square meters of floor area.

New findings from Navigant Research suggest that cumulative spending on energy-efficient buildings in Europe is expected to total nearly $800 billion through 2014 to 2023.

The report, “Energy Efficient Buildings: Europe,” analyzed the European market for residential and commercial building energy efficient products and services across all 28 member states of the European Union as well as Norway and Switzerland. According to Navigant, “the policy landscape for energy efficiency in Europe is among the most stringent in the world,” thanks primarily to two separate pieces of EU legislation — the Energy Performance of Buildings Directive (EPBD) and the Energy Efficiency Directive (EED).

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