Savings
In the 800,000 French public housing units that will undergo renovating, the energy consumption is more than 230 kWh/m2 per year. The goal is to cut consumption to 150 kWh/m2 per year corresponding to a CO2 reduction of 50 %.
In October 2007, the French government launched the Grenelle Environment programme which will cut CO2 emissions from buildings with 50 % within 10 years.
Private buildings are also included in the Grenelle Environment programme and the government aims to implement financial initiatives for energy-efficient renovation of privately-owned buildings such as:
- Update of existing tax credits for sustainable development
- Implementation of reduced rate CO2 loans along the lines of Germany’s CO2 Building Rehabilitation Programme
- Development of innovative financial services through collaboration with the banking sector and businesses. The goal is to fund investments in energy savings by means of energy performance contracts, energy-efficiency services, energy-saving certificates and domestic projects
