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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.

The paper examines the role of the private sector in the Paris Agreement, arguing that clear policy signals are essential to shift investment patterns and avoid the risks of an incremental approach to emissions reductions. It suggests that the private sector should proactively shape these signals and align internal targets with a phase-out of emissions to benefit from the transition to a low-carbon economy.