Net Zero Effect
The European Parliament has just given the green light for the Energy Performance of Buildings Directive (EPBD) on Tuesday (14 March).
The law would lead to massive renovation costs for millions of homeowners who are already saddled by inflation and falling incomes as green energies and supply woes plague the continent. Where will the money come from?
Renovating older homes to be highly energy efficient means substantial investments in new windows, rooves, insulation, heating systems, which altogether can run well into the tens of thousands of euros per living unit. This would make many buildings and homes “worthless”.
Here's the article:
But, where will the money come from? How close is my interpretation?
‘It’s all for the greater good, Mr Smith. Let’s be honest, we’ve been stealing the younger generations future for far too long.’
‘Can I point out the somebody is stealing my present? What about that?’
‘We’re all in this together Mr Smith. We must look to the future.’
‘How long have I got? I’m 80. There are well over three million of us over 80. What about them?’
'Thank you for getting with the programme Mr Smith.'