Report: Proposed revision to the Energy Performance of Buildings Directive (EPBD)
Deloitte Malta News Alert
15 November 2022
The proposed revision to the Energy Performance of Buildings Directive (EPBD) is part of the European Commission’s 2nd Fit for 55 package released in December 2021. The aim of the two Fit for 55 packages is to translate the European Green Deal’s vision for a climate neutral Europe by 2050 into policy terms, specifically focusing on energy and transport. Critically, the proposal for a revised EPBD introduced the new aim to achieve a zero-emission EU building stock by 2050.
The Malta Business Bureau (MBB) and Deloitte Malta recognise the important role that the EU building stock plays in the road towards climate neutrality by 2050. A gradual transition towards zero-emission buildings and higher efficiency standards should be welcomed as an opportunity to finally address a sector which has been lagging in terms of improvement in energy performance, and which can also translate into economic gains such as cost savings, new technology markets, and high-skill job creation. Notwithstanding the benefits which such a transition will reap, it also poses several serious challenges which should not be taken lightly.
The MBB and Deloitte Malta briefly discuss these challenges in the attached high-level report and will shortly be publishing a more detailed report seeking to address them and put forward proposals to ensure they are tackled efficiently.