Copenhagen Economics will lead a consortium to promote energy renovations of the Nordic building stock, the NEEM Hub will contain experts from the financial sector, behavioural scientists, mortgage specialists and authorities on digital technologies from across the Nordics.
The project is part of the existing Energy Efficient Mortgages Initiative and is supported by Horizon 2020. The EU green deal proposes a ‘renovation wave’ of the EU’s public and private building stock and requires Nordic governments to commit to ambitious climate targets and massive private investment.
Over the next decade, estimated investments of up to EUR 50 bn are needed in the Nordics to be sure of reaching the current targets. However, a substantial amount of the necessary investment, though profitable on paper, is not being carried out. This issue, which has come to be labelled the “energy efficiency gap”, is well-publicised and has been described in numerous research papers and articles. The focus of the NEEM Hub will be to break-down the factors contributing to this energy efficiency gap and promote energy renovations in the Nordics.
Read more about it in the White Paper
To provide an overview of what the Hub aims to achieve, we have prepared a short video highlighting the main targets, participants and tools we will use to achieve our goals.
For further information, please contact Senior Economist Jonas Bjarke Jensen