Home energy upgrades are crucial

The energy upgrade of the existing building stock - especially residential buildings, with 90% of them having been built before 2000 - will be a particularly difficult challenge given the insulation specifications and heating systems.

The issue has multiple ramifications, as at European Union level guidelines have been passed as part of the "Fit For 55" policy for the energy transition toward a zero-carbon economy. Therefore, building upgrades are not a legitimate policy choice, but have become imperative. In a recent report, National Bank stated that by 2030, 5 billion euros will have been invested in the Greek housing market exclusively for energy upgrades.

According to a recent Hellenic Statistical Authority (ELSTAT) survey on the living conditions of households, carried out in 2023, it appears that 88% of the total population of the country has not made any...