In March 2018 we mentioned the boosting of the construction, technology and electric vehicle charging sectors by a proposed rebooting of energy performance of buildings legislation. Today, the Council of the European Union announced agreement on the final version of the revised Energy Performance of Buildings Directive (the “EPBD”). The EPBD will enter into force 20 days after publication in the Official Journal. Member States will have 20 months to transpose the new elements into national law.
The EPBD is essential reading for developers and architects, investors and financiers, asset managers, trustees and those involved in all aspects of the energy connectivity and lifecycle of buildings. The key points such as a long term renovation strategy; scrutiny of technical building systems; smart readiness and electromobility infrastructure which follow the outline summary in our previous lawnow should be factored in to strategy and decision making now to ensure retention of asset value and attractiveness or alternatively business opportunities. There should be opportunities for supply chain actors particularly energy and smart technology and financing sectors.
The agreed text of the EPBD: http://data.consilium.europa.eu/doc/document/PE-4-2018-INIT/en/pdf