ON-BILL SCHEMES TO DELIVER THE RENOVATION WAVE AND ECONOMIC RECOVERY
Accessible, easy and sufficient funding is key to speed up renovations in the EU. The EU Renovation Wave strategy, published in 2020, estimates the additional investment to double current renovation rates at around €90 billion per year. Public capital can cover some of the additional financing, but private capital must also be mobilised. This is where innovative financing schemes become essential. On-bill mechanisms can be a valuable tool in that respect: they are tools for involving the private sector in energy efficiency financing that can help resolve some of the existing barriers to energy efficiency investments linked to the regulatory environment, end users’ ability to finance renovations and utility companies’ involvement in renovation projects.
ON-BILL SCHEMES TO DELIVER THE RENOVATION WAVE AND ECONOMIC RECOVERY
Accessible, easy and sufficient funding is key to speed up renovations in the EU. The EU Renovation Wave strategy, published in 2020, estimates the additional investment to double current renovation rates at around €90 billion per year. Public capital can cover some of the additional financing, but private capital must also be mobilised. This is where innovative financing schemes become essential. On-bill mechanisms can be a valuable tool in that respect: they are tools for involving the private sector in energy efficiency financing that can help resolve some of the existing barriers to energy efficiency investments linked to the regulatory environment, end users’ ability to finance renovations and utility companies’ involvement in renovation projects.
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