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EU funds for more energy efficient buildings

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Photo : Renovation of Private sector buildings grant scheme

Tista’ taqra bil-
Malti.

With the outbreak of the Ukraine war, the emphasis on reducing energy consumption and increasing energy efficiency has never been bigger. Although this is mainly due to the negative impact that the war has had on energy supply in Europe, energy efficiency has always been high on the EU’s agenda.

Many may have heard of the European Green Deal – a comprehensive plan that the EU and its Member States have committed to with the aim of achieving climate neutrality by 2050. In simple terms, climate neutrality refers to reducing greenhouse gas emissions as much as possible to ensure that the total amount of emissions produced balances out with the emissions that can be compensated for.

When thinking of greenhouse gas emissions, we immediately think of emissions from cars and other transport vehicles. While this is true, the large amount of greenhouse gas emissions comes from the production and use of energy. In fact, in the EU, 75% of all greenhouse gas emissions is produced from energy production and use. Therefore, to achieve its goals for climate neutrality, it is critical for the EU to transition towards clean energy. This transition will help reduce greenhouse gas emissions and enhance the quality of life of citizens.

To achieve this clean energy transition, the EU has committed itself to prioritising energy efficiency, particularly by improving the energy performance of buildings by significantly reducing the energy used for heating, cooling, lighting and lighting in buildings.

There are different aspects to go into improving the energy performance of buildings such as ensuring that a building has good insulation to be able to keep warm air inside or outside a building. Another aspect would be ensuring the installation of new technologies such as high-efficiency air conditioners to ensure that the energy consumption is kept low.

While these aspects for more energy efficient buildings can be easily adopted when building new buildings, this is not  so easy for already built buildings due to the large costs involved. More often than not, home owners and businesses cannot afford such huge renovation costs on their own.

This is where EU funds come in. EU funds can be utilised to ensure that all Member States can fairly transition towards clean energy and support investments for more energy efficient buildings – ultimately contributing to the EU’s goal for climate neutrality.

In the case of Malta, there are a lot of buildings that are not energy efficient. Given the significant costs involved, EU funds can be used to help part-finance such renovation projects.

Currently, a scheme is open for the renovation of private sector buildings. The aim is to support investments to address high upfront costs of building renovation in the private sector, including commercial buildings. This grant scheme will support eligible micro, small, medium and large enterprises to undertake actions that reduce the primary energy demand of the building by reducing the energy used for heating, cooling, ventilation, hot water and lighting. Through this scheme, businesses will be able to reduce costs related to energy consumption and ultimately increase their revenue.

If you would like to learn more about this funding opportunity, Servizzi Ewropej f’Malta (SEM) will be organising an online information session to provide more information on the funding call, and how SEM can help you benefit from this scheme. This information session will be held on Thursday, March 16 at 14:00. For more information and to register, enterprises may visit SEM’s website or send an email on info.sem@gov.mt.

content supplied by Servizzi Ewropej f’Malta

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