Older houses are real black holes through which the energy we consume in our homes goes. Most of the housing stock in Spain predates the 1980s, so it is not designed to save energy. According to the National Association of Ceramics and Construction Materials (Andimac), more than 80% of homes in Spain are of low energy quality.
Undertaking the renovation of these homes is an opportunity for Spain to reduce its greenhouse gas emissions and move towards greater energy independence. To this end, the government has earmarked 6.8 billion for the Recovery, Transformation, and Resilience Plan (PRTR), for building refurbishment. This is an opportunity on which companies, professional organizations, and local administrations have focused their efforts. But the plan is not turning out as expected and the excessive bureaucratic processing is slowing down the release of the millions as well as the beneficial effect on our country’s climate accounts.
According to the Unlock campaign, promoted by organizations such as Positive Money Europe, ECODES, or Green Building Europe, the in-depth rehabilitation of buildings could mean an average saving in households of €1,140 on average. According to these organizations, Spain is far from its 2050 targets of zero net emissions in its buildings. It would still have to undertake the renovation of 300,000 homes.
Read more about climate change and find the latest economic news from around the world with the Born2Invest mobile app.
Why the renovation of old houses is so important
Emilio Miguel Mitre, the coordinator of Green Building Council España (GBCe), considers that right now the main bottleneck “is the delay in the calls for proposals from the Autonomous Regions. In a favorable sense, measures have been developed to facilitate the process, with more flexible documentation to obtain subsidies, and the establishment of accompanying structures.”
According to Miguel Mitre, some 500,000 families should decide to renovate in the coming years. “To this end, a communication campaign is essential for citizens to find rehabilitation attractive,” he said. “The situation is very delicate because, although the increase in the price of energy makes rehabilitation seem like an interesting option, its complexity, and its cost, continue to grow (which means that the real amount of aid is being devalued rapidly in relative terms), continues to keep the decision to rehabilitate somewhat distant,” he added.
David Paramio, general manager of Agentia R+ -a company dedicated to rehabilitation-) sees a problem in the lack of publicity of these funds to the citizen “it is here where the state administration up to the municipal administration has a long way to go in the responsibility of activating and informing about the funds and the different consumption programs that exist”, he affirms.
Paramio also points to the ACs as being responsible for the administrative bottleneck. “The big problem is the lack of management and review of applications at the individual and business level that is collapsing the entities of the Autonomous Regions. The volume of funds is very large, but it also generates a lot of bureaucratic work in terms of document review, economic aid, and technical requirements. To sum up, if this is the largest volume of funds ever received by Spain, this implies that it must also mean the largest volume of investment by the administration in order to consume these funds within the deadlines established by Spain, and therefore by Europe,” said the head of Agentia R+.
Susana Pérez Castaños, head of the Rehabilitation Aid Management Office of the Madrid Association of Quantity Surveyors said “after months of advice and information, we are beginning to see this work materialize with the large number of files that are beginning to enter the office”. Pérez Castaños also stresses that subsidies are not easy, “as there are many points to justify and accredit. It requires a great deal of informative work for citizens in general and training in particular for the technicians involved in the process. Once this work has been done, everything will go faster.”
David Paramio pointed out another solution: “The only way to speed up the consumption of funds and make management more dynamic is to create private subsidy management offices that depend on the administration, but which help to process the tremendous volume of funds and also the visibility of their consumption,” said the businessman.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in EL INDEPENDIENTE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ A2 Hosting Affiliates Review]
Something's brewing in the Right to Repair space. Lawmakers are increasingly law-making. DIY fixer upperers are increasingly fixer uppering. And,...
Why the Carbon Credit Market Is Not Working
The Carbon Brief analysis focused on 34 companies that alone used 38 million tons of carbon dioxide over the period...
Recrowd, Real Estate Lending Platform, Finally Gets European Authorization
Recrowd adopts a distinct approach for less sophisticated investors, limiting their investments to under €1,000 or 5% of their net...
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...
Crypto1 week ago
Binance: $4 Billion Fine to End US Legal Problems?
Biotech3 days ago
Laboratorios Rubió Increases Sales by 40% in 2022 and Exceeds €100 million
Biotech2 weeks ago
Almirall Joins Forces with Absci to Develop New Treatments with Artificial Intelligence
Africa1 week ago
Souss-Massa: an SDR Dedicated to Agricultural Innovation