Last year, Italy launched an unprecedented plan allowing homeowners to finance 110% of energy efficiency renovation works through tax deductions. Almost one year on, the widely celebrated scheme is hitting snags related to mounting costs and bureaucracy.
The European Union has promoted building renovation as a way for EU countries to kick-start their economies after the pandemic while taking action to fight climate change.
Building renovation programmes are now being promoted at the EU level as part of national plans that EU countries are submitting to the European Commission in order to tap into the bloc’s €750 billion recovery fund.
“What we need is an economic growth which is sustainable for our planet,” said Riccardo Fraccaro, the Italian lawmaker and minister who promoted the scheme under Giuseppe Conte’s first government.