Renovation: landscape of climate finance in the Polish buildings sector

In the coming years, Poland will gain access to unprecedented funds for thermal modernization of buildings. Limited monitoring of financial flows in the area of building renovation creates a risk of only partial and inefficient use of this opportunity. Thermal modernisation of buildings does not only play a key role in reducing greenhouse gas emissions but can also be an important stimulus measure for the recovery of European economies after the crisis caused by the COVID-19 pandemic. It is one of the key investment areas supported not only by the EU’s Multiannual Financial Framework for 2021-2027, but also by the Recovery and Resilience Facility. The European strategy for the buildings sector, the “Renovation Wave”, presents both legislative solutions and proposals for specific financial facilities to address both the challenges.