Sky-high energy bills and poorly insulated housing made it tough for many of us to stay warm last winter and pushed millions into energy poverty.
Financial support to make our homes, schools and offices more energy efficient is an urgent solution to this crisis. But the European Central Bank (ECB) and the EU Commission are dragging their feet when it comes to unlocking the funds.
Public pressure can make a big difference here. So that's why we're joining forces with activists and organisations across Europe who will be taking action to amplify this call in the coming weeks.
Sign now to ask the European Central Bank and the EU Commission to support energy efficient renovations. 👇
Insulation is essential year round and can save us as much as 1100 euros each year! It not only helps keep us warmer in winter but also cooler in summer. Poorly insulated buildings are responsible for 40% of the EU’s energy consumption, and 36% of carbon emissions! [1]
It’s a big problem for all of us and our planet but there’s a relatively simple solution. The ECB and EU Commission can provide grants and subsidies and push banks to offer affordable loans for insulating homes.[2] So instead of propping up destructive fossil fuel companies, public money can be used to help us stay warm and protect the climate.
Central banks in Japan and other parts of Asia are already offering this kind of financial support. Let’s remind the Presidents of the EU Commission and the ECB to act in the public interest and follow their lead.
We know our movement can win this. After a long, people-powered fight, the ECB took its first steps towards ending fossil finance in 2021. This sent a clear signal to banks and financial institutions across Europe and the world: the era of fossil fuels is coming to an end. [3] Now we need to ensure that the ECB’s financing goes towards a fair and just energy transition and insulating Europe is a key part of that.Sources
[1] Unlocking home renovation in Europe (Unlock)
[3] Europe’s central bank sets foot on a path towards a fossil free future (350)