Europe. As a benchmark for Latin America, the European Union could reduce the energy consumption of its buildings by 32%, which would also result in the generation of 1.1 million jobs within the construction sector.
According to recent studies, Germany invested 1.4 million euros in 2010 in financing to modernize its buildings in energy efficiency issues. As a result of the investment, the country received €5.4 million in tax revenue and saved around €2 million in unemployment benefits.
Currently, the European Union is developing the Renew Europe campaign, led by the European Alliance of Energy Efficiency Companies in Buildings that seeks to promote the renovation of buildings in the area, in order to solve the current economic and energy challenges in the region.
The proposal seeks to modernize 3% of buildings annually by 2020 and reduce energy consumption by an average of 80% by 2050.
