The European Commission has today adopted its ‘Renovation Wave’ strategy, which is designed to address the current low building decarbonisation and renovation rates of around 1% across the EU and tackle the underlying barriers for improving the energy efficiency of the EU building stock. Currently, roughly 75% of the building stock is energy inefficient, yet almost 80% of today’s buildings will still be in use in 2050. At the same time, more than 50 million European households suffer from energy poverty.