Buildings account for 40% of energy use and 36% of CO2 emissions in the European Union. Currently, about 35% of the EU's buildings are over 50 years old, and by improving their energy efficiency we could reduce total EU energy consumption by 5-6% and lower CO2 emissions by about 5%.

Increasing investment in energy efficiency and renewable energy for buildings is a major challenge, requiring substantial up-front investments (estimated at €38 billion during 2011-30).

FINERPOL aims to increase the renovation rate of buildings by improving access to finance and so enabling those upfront investments to be made.

The European Union provides support for the creation of funding instruments, especially Financial Instruments (FIs) supported by ERDF funds and integrated with EC funding initiatives, such as EFSI (Juncker Plan 06/2015), tools from the European Investment Bank EIB (ELENA, Margarite Funds) or from public private partnerships.

source: (https://www.interregeurope.eu/finerpol/)