Low energy buildings with high CO2 and energy cost saving potential still have a limited market uptake, despite their economic and environmental advantages. Construction comprises of more than 10% of total employment in the EU. Therefore, to promote the construction sector as a driving force in the creation of jobs and for sustained growth for the economy in general, the European Commission tabled today a strategy to boost the sector.
Its main elements include stimulating favourable investment conditions, in particular in the renovation and maintenance of buildings. For example, encouraging the take up of the package of up to €120 billion in loans available from the European Investment Bank (EIB) as part of June's Pact for Growth and Employment. Secondly, boosting innovation and improving worker's qualifications by promoting mobility. Thirdly, improving resource efficiency, by promoting mutual recognition of sustainable construction systems in the EU. Fourthly, providing standard design codes of practice to construction companies making it easier for them to work in other Member States. Finally, fostering the global position of European construction enterprises to stimulate good performance and sustainable construction standards in third countries.