ESG Economist - Will the Netherlands meet the EPBD targets?
In May 2024, the European Commission introduced the revised Energy Performance of Buildings Directive (EPBD), a significant regulation designed to improve the energy efficiency of buildings across the European Union (EU). The directive sets ambitious targets, including the goal of achieving a fully decarbonized building stock by 2050. In this note, we analyse the current state of the Dutch residential real estate sector and project whether the country is on track to meet the ambitious targets set by European regulations.
Mike Langen
Senior Economist Housing Market
The revised Energy Performance of Buildings Directive (EPBD), published in May 2024, sets ambitious targets for a fully decarbonized EU building stock by 2050
Member States have to transpose it into national legislation by May 2026
In 2024, Dutch real estate contributed 12% to national greenhouse gas emissions
40% of Dutch residential housing stock lack energy labels, with possible underreporting of retrofitting improvements
Energy consumption in homes has dropped 30% since 2010, including a 7.3% reduction since 2020
CO2 emissions from housing decreased 16% since 2020, driven by electrification
The Netherlands is likely to meet the EPBD targets unless stagnation observed in 2024 becomes the norm