In the context of a green and digital transition as Europe recovers from the COVID-19 pandemic, several industrial ecosystems including construction have been identified as playing a key role. The Renovation Wave Strategy sets out how construction will help decarbonise the EU building stock, given that buildings represent about 40% of energy consumption and 36% of energy-related CO2 emissions in the EU. Construction
is also highlighted in the EU Member States’ Recovery and Resilience Plans, which dedicate part of their planned investments and reforms to renovation work.

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