For achieving the targets included in the LTRS (LTRS, 2020), which aim to increase the paceo f renovation from 0,69 to 3.39% by 2030, with the ambition to maintain a constant pace of4 % by 2050 and rehabilitate more than 40% of the multi-family building blocks, there is a needo f more than 12 billion Euro for the 2021-2030 time framework. Same strategy indicates that 3 billion Euro are needed only to rehabilitate the lowest energy performance buildings.
While the financial prognosis asks for large amounts of money, there are both European andn ational instruments that can be accessed by the national and local authorities, and in somec ases by the individuals, and used for thermally rehabilitating the residential sector. In terms of European instruments, there are several funds available including the Recovery and
Resilience Facility, the Next-Generation EU and the Just Transition Fund. These mechanisms are adapted to the European priorities of renovating the inefficient building stock as one of the means for achieving the carbon neutrality in 2050 and supporting the green economy paradigm.
Among these instruments, there are also the Structural and Investment Funds, mechanisms already used by national and local authorities. If it is to make a list of the most important mechanisms, there are 9 important funding instruments that can be used for thermally rehabilitating the Romanian residential stock and addressing energy poverty.
Full text here: https://www.democracycenter.ro/download_file/view/340/1055