The European Parliament and European Council reached a provisional agreement this month to further reduce the emissions and energy use of buildings across the EU. A staggering 75% of Europe’s aging building stock is considered energy inefficient and this latest piece of legislation will strengthen the Energy Performance of Buildings Directive (EPBD) across the Union. In this research note, we study the details of this new Net Zero agreement and analyze what it means for the European proptech markets. “This is a win-win for citizens: improving the energy performance of buildings will result in both lower energy bills and lower greenhouse gas emissions,” says Maroš Šefčovič, Executive Vice-President for the European Green deal’s Inter-institutional Relations and Foresight. “Today’s agreement strikes the right balance, with European standards, national implementation, individual autonomy, and financial support.” New revisions to the directive will set out a range of measures to help EU governments apply a structured approach to boost […]