The significance of built environment in Finland

Energy efficiency potential by sector

The significance of

built environment in

Finland

99% of people’s

time

80% of national wealth

70% of tangible

investments

42% of energy end-

use

38% of greenhouse

gas emissions

20% of national

GDP

Country energy intensities by end-use (space heating, GJ / m2)

Growing renovation debt and operating costs

• Renovation debt of existing Finnishbuilding stock stands at 30 – 50 billion euros

– 7 – 11% of total value

• Addressing this issue will

– Improve building conditions

– Cut operating costs

– Enhance competitiveness

• Modernized building stock will serveas a platform for rolling out digitalsolutions

– Energy storage, demandresponsiveness, weatherforecast –based operations, …

Property operation costs, Finland, 2000 = 100

Key conclusions

• Energy efficiency is a largely untapped

source of improving competitiveness

• First step is to get the basics right:

modernizing our aging building stock

• Simultaneously, we will be building a

platform for new digital solutions

• Financial returns, cutting emissions and

improving building conditions go hand-in-hand