News

Renovation — just the job for unemployment
By Knauf Australia on October 15, 2015

Brussels October 15—Hundreds of thousands of new jobs have been created in Europe, millions are now able to pay their fuel bills and EU economic growth continues to exceed expectations.

Brussels October 15—Hundreds of thousands of new jobs have been created in Europe, millions are now able to pay their fuel bills and EU economic growth continues to exceed expectations.

These are the headlines of tomorrow if initiatives to drive the deep renovation of buildings are scaled up across Europe, according to energy efficiency experts at a conference to mark Renovate Europe Day — REDay2015 — sponsored by Knauf Insulation.

Knauf Insulation is committed to driving ambitious renovation programmes in Europe and in its Sustainability Report 2015 the company examines how lives can be transformed by making buildings more energy efficient — underlining the message of the REDay2015 conference.

Between 900,000 and 1.8 million more people could have a new job if Europe’s energy bill was cut by €200 billion, says the report’s research.

Buildings offer the biggest opportunity to make this saving, as they are responsible for 40% of energy use and 75% are built with little or no energy-related requirements. At least three quarters of buildings will also remain in use in 2050.

And the impact on the vulnerable is significant — 19% of the EU population cannot cool their homes in summer and 11% can’t keep their homes warm in winter.

“REDay2015 reminds us that the renovation of buildings is not an abstract concept, it has a human dimension, it creates jobs, helps the vulnerable and provides growth,” said Barry Lynham, Knauf Insulation’s Director of Strategy and Communication.