A green, fair and resilient recovery: the role of energy efficiency and domestic renewables home retrofits

The document advocates for the use of energy efficiency and domestic renewable retrofits as a 'super-multiplier' for economic recovery in Europe. It highlights the significant potential for job creation in the construction sector, the mitigation of energy poverty, and the necessity of public-private partnerships to overcome high capital costs and low renovation rates. The authors provide historical and international case studies from the US, South Korea, China, and Europe to demonstrate the effectiveness of green stimulus packages in driving long-term economic and environmental benefits.

• Energy efficiency investments can act as a 'super-multiplier' for the economy by creating direct expenditures, generating indirect effects through the wages of low-paid construction workers, and providing long-term productivity gains through resource efficiency and reduced health-related work absences.
• The EU-27 housing stock is a major source of emissions, with households responsible for approximately 40 percent of the EU’s GHG emissions. To meet Paris Agreement goals, approximately 250 million homes in the EU require energy renovation, necessitating an annual renovation rate of 3.4 percent, which is nearly triple the current average of 1.2 percent.

APA

Vaze, P., Mok, L., & Malik, Z. (n.d.). A green, fair and resilient recovery: the role of energy efficiency and domestic renewables home retrofits. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/Energy-efficient-home-improvements-and-the-green-stimulus_2025-02-17-163054_xvgt.pdf

Chicago

Vaze, Prashant, Lionel Mok, and Zach Malik. A green, fair and resilient recovery: the role of energy efficiency and domestic renewables home retrofits. Climate Bonds Initiative, n.d. https://www.climatebonds.net/files/documents/publications/Energy-efficient-home-improvements-and-the-green-stimulus_2025-02-17-163054_xvgt.pdf.

Wikipedia

{{cite report |last1=Vaze |first1=Prashant |last2=Mok |first2=Lionel |last3=Malik |first3=Zach |title=A green, fair and resilient recovery: the role of energy efficiency and domestic renewables home retrofits |publisher=Climate Bonds Initiative |url=https://www.climatebonds.net/files/documents/publications/Energy-efficient-home-improvements-and-the-green-stimulus_2025-02-17-163054_xvgt.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{vazendgreen, author = {Vaze, Prashant and Mok, Lionel and Malik, Zach}, title = {{A green, fair and resilient recovery: the role of energy efficiency and domestic renewables home retrofits}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/Energy-efficient-home-improvements-and-the-green-stimulus_2025-02-17-163054_xvgt.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }