Policy options towards an energy efficient residential building stock in the EU-27

The EU-27 residential building stock offers high potential for energy efficiency gains. The policies already in place or proposed to improve the energy efficiency and thus the environmental performance focus on new buildings and major renovations of existing buildings. However, there might be additional measures that could lead to further energy efficiency improvements. In particular, the installation of roofs or windows that show a high thermal efficiency outside major renovations offer a large improvement potential. In this study, the potential environmental and economic impacts of two types of such policy options were analysed: first, measures that require high energy efficiency standards when roofs or windows have to be replaced; and, second, measures that accelerate the replacement of building elements. The results suggest that the two policies offer the potential for substantial additional energy savings. In addition, the installation of energy efficient building elements comes at negative net cost. When the replacement of building elements is accelerated, however, the additional costs do not outweigh the energy cost savings. (C) 2009 Elsevier B.V. All rights reserved.