{"id":1711,"date":"2022-11-23T10:21:54","date_gmt":"2022-11-23T09:21:54","guid":{"rendered":"https:\/\/enpc.ergeais.com\/?p=1711"},"modified":"2025-07-29T15:01:44","modified_gmt":"2025-07-29T13:01:44","slug":"renovation-of-housing-for-energy-efficiency-in-detail","status":"publish","type":"post","link":"https:\/\/ingenius.ecoledesponts.fr\/en\/articles\/renovation-of-housing-for-energy-efficiency-in-detail\/","title":{"rendered":"Renovation of housing for energy efficiency \u2013 in detail"},"content":{"rendered":"\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg\" alt=\"\" class=\"wp-image-1621\" srcset=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg 1024w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-300x200.jpg 300w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-768x511.jpg 768w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1920x1278.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u00a9 Arnaud Bouissou \/ Terra <br><\/figcaption><\/figure>\n\n\n\n<p>The desire to retrofit homes for improved energy efficiency manifests itself in the definition of increasingly ambitious targets<sup data-fn=\"4856900a-894b-44aa-a7eb-fd703f26186d\" class=\"fn\"><a href=\"#4856900a-894b-44aa-a7eb-fd703f26186d\" id=\"4856900a-894b-44aa-a7eb-fd703f26186d-link\">1<\/a><\/sup>, and the introduction of ever more numerous public policies to achieve them: the (French) energy transition tax credit (CITE, which became <em>\u201cMaPrimeRenov\u2019<\/em>\u201d (English: \u201cMyRetrofitBonus\u201d) in 2020); energy savings certificates (CEE) in the wake of the 2005 Energy Orientation and Scheduling law; a zero-percent eco-loan (EPTZ) following the 2009 <em>Grenelle de l\u2019Environnement<\/em> (Environment Summit); a carbon tax from 2014 onwards, to name only the flagship policies.<\/p>\n\n\n\n<p>However, actual renovations are well below the targets: fewer than 300,000 high-performance renovations are completed each year, against a target of 500,000. Furthermore, doubt remains as to the effectiveness and fairness of the policies rolled out: grants such as the CITE and CEE are criticized for the \u201cdead-weight effect\u201d they produce and the resulting poor quality of the work carried out; the number of eco-loans taken out is only a tenth of that initially envisaged; the carbon tax creates inequalities that became a catalyst of the<em> gilets jaunes<\/em> (\u201cyellow vests\u201d) crisis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>Moving towards comprehensive renovation of buildings&#8230;<\/strong><\/h2>\n\n\n\n<p>In light of this observed powerlessness, and stimulated by the French Citizens\u2019 Convention for Climate, more radical solutions are being examined, particularly the comprehensive renovation obligation: from 2030, any residential property that is due to be sold or have its lease renewed, but has an energy performance rating (DPE, similar to the UK\u2019s EPC) of F or G, it is mandatory to have the property renovated to \u201cA\u201d-rated standard<sup data-fn=\"568ee548-3a8d-4668-990e-bf668e47629a\" class=\"fn\"><a href=\"#568ee548-3a8d-4668-990e-bf668e47629a\" id=\"568ee548-3a8d-4668-990e-bf668e47629a-link\">2<\/a><\/sup> (CCC, 2020). This kind of measure has significant implications regarding the funding required, which is in the region of \u20ac30,000 to \u20ac50,000 per residence, far higher than the current average expenditure of \u20ac9,100 (<a href=\"https:\/\/librairie.ademe.fr\/cadic\/7014\/20220414_ra_ademe_2021_web.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ADEME <\/a>(French Agency for Ecological Transition) 2021). How can this financial burden be shared fairly and effectively between the State as provider of public goods and services (health, action to combat climate change, etc.), the households enjoying improved amenities (comfort), and third-party funders counting on the \u201cgreen value\u201d of housing? This question, sitting at the interface between microeconomics and macroeconomics, seems to be central in today\u2019s context: the plan to reset and relaunch following the COVID-19 pandemic.<\/p>\n\n\n\n<p>From 2040, this constraint will be extended to properties rated D and E.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>&#8230;but at what cost?<\/strong><\/h2>\n\n\n\n<p>The answer to this question calls for analysis, within an integrated framework, of the interactions between a multitude of private actors, guided by a variety of economic behaviors and each targeted by specific public interventions (see figure 1):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>households: what drives a household to seek a bank loan rather than using their savings to fund a renovation? Do households perceive a subsidized loan and a grant as being the same in cost-efficiency terms? How do these perceptions vary depending on income level, property tenure (owners vs. renters) and the type of housing (individual vs. collective)?<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>the renovation industry: how can building tradespeople combine efficiency measures applied to the building envelope and heating system(s) to optimize effectiveness, and thereby reduce the cost of renovations? What is the cost dispersion, and how can it be reduced through the effects of learning new approaches, or via stricter technical standards?<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>third-party funders: how do banks perceive the risk associated with energy-efficiency retrofits, which depends partly on the dynamism of the real-estate market, and partly on cost dispersion and the prevalence of quality issues? How do banks evaluate the risk profile of the potential borrower?<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>the State: how can the State reduce the risk associated with energy-efficiency retrofits: by imposing more stringent technical standards or by guaranteeing loans? Is it more effective to give grants to the banks so they can award subsidized loans (as was the case for EPTZ,&nbsp; the zero-percent eco-loan) or offer grants directly to households? What leverage effect is being achieved by green obligation policies and public guarantees founded on the social value of carbon?<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong><strong>A problem at the heart of the research<\/strong><\/strong><\/h2>\n\n\n\n<p>These questions are being studied at the International Center for Research on the Environment and Development (CIRED) using \u201cRes-IRF\u201d, a technical and economic model of energy consumption in France\u2019s housing stock. Developed around ten years ago, Res-IRF offers a richly detailed picture of household-level behavior and the energy efficiency of French housing stock. It factors in a number of barriers to energy efficiency \u2013 the root causes of the \u201cenergy efficiency gap\u201d (Jaffe and Stavins, 1994) \u2013 such as the rebound effect, credit constraints that differ according to households\u2019 income level, the owner\/renter dilemma, the difficulties of decision-making in co-ownership situations, and the hidden costs of renovating for improved energy efficiency.&nbsp; &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-grey-color has-text-color\">Ecosystem of renovating for energy efficiency<\/h3>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"724\" src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1024x724.jpg\" alt=\"\" class=\"wp-image-1617\" style=\"width:577px;height:407px\" srcset=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1024x724.jpg 1024w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-300x212.jpg 300w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-768x543.jpg 768w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1920x1357.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u00a9 Louis-Ga\u00ebtan Giraudet<\/figcaption><\/figure>\n\n\n\n<p class=\"has-small-font-size\"><\/p>\n\n\n\n<p class=\"has-small-font-size\"><a id=\"_ftn2\" href=\"#_ftnref2\">[2]<\/a> From 2040, this constraint will be extended to properties rated D and E.<\/p>\n\n\n\n<p class=\"has-medium-grey-color has-text-color\"><strong>Text adapted from an article published in <a rel=\"noreferrer noopener\" href=\"https:\/\/ecoledesponts.fr\/sites\/ecoledesponts.fr\/files\/documents\/cdp_5_numerique.pdf\" target=\"_blank\">Le Cahier des Ponts n\u00b05<\/a>, La finance verte, in September 2021.<\/strong><\/p>\n\n\n<ol class=\"wp-block-footnotes\"><li id=\"4856900a-894b-44aa-a7eb-fd703f26186d\">This idea is summed up in the expression \u201cthe cleanest and cheapest energy is energy you don\u2019t use\u201d, uttered by politicians of all stripes (Fran\u00e7ois Loos, Nathalie Kosciusko-Morizet, Yannick Jadot, etc.) since around the year 2000. It gained in popularity following work in 2009 by the global management consulting firm McKinsey &amp; Co., which indicated that the building sector harbored some particularly cost-effective opportunities to reduce GHG emissions. <a href=\"#4856900a-894b-44aa-a7eb-fd703f26186d-link\" aria-label=\"Jump to footnote reference 1\">\u21a9\ufe0e<\/a><\/li><li id=\"568ee548-3a8d-4668-990e-bf668e47629a\">From 2040, this constraint will be extended to properties rated D and E. <a href=\"#568ee548-3a8d-4668-990e-bf668e47629a-link\" aria-label=\"Jump to footnote reference 2\">\u21a9\ufe0e<\/a><\/li><\/ol>","protected":false},"excerpt":{"rendered":"<p>The desire to retrofit homes for improved energy efficiency manifests itself in the definition of increasingly ambitious targets, and the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_related_content_post":[],"_related_content_subject":[936,124],"_related_content_author":[1714],"_related_content_category":[1716],"_related_content_folder":[],"_excerpt":"For around fifteen years, retrofitting of housing to improve energy efficiency has been established as a priority of public action. The willingness to do it is driven by the idea that renovating homes to improve energy efficiency is a low-cost way of reducing greenhouse gas (GHG) emissions, while creating substantial co-benefits for households\u2019 purchasing power, comfort and health.<br>","_duration":4,"_manual_duration":false,"footnotes":"[{\"content\":\"This idea is summed up in the expression \u201cthe cleanest and cheapest energy is energy you don\u2019t use\u201d, uttered by politicians of all stripes (Fran\u00e7ois Loos, Nathalie Kosciusko-Morizet, Yannick Jadot, etc.) since around the year 2000. It gained in popularity following work in 2009 by the global management consulting firm McKinsey &amp; Co., which indicated that the building sector harbored some particularly cost-effective opportunities to reduce GHG emissions.\",\"id\":\"4856900a-894b-44aa-a7eb-fd703f26186d\"},{\"content\":\"From 2040, this constraint will be extended to properties rated D and E.\",\"id\":\"568ee548-3a8d-4668-990e-bf668e47629a\"}]"},"article-types":[13],"class_list":["post-1711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","article-types-article"],"has_blocks":true,"block_data":[{"blockName":"enpc\/excerpt","attrs":{"lock":[],"metadata":[],"className":"","style":""},"innerBlocks":[],"innerHTML":"","innerContent":[],"rendered":""},{"blockName":"core\/image","attrs":{"id":1621,"sizeSlug":"large","linkDestination":"none","align":"wide","blob":"","url":"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg","alt":"","caption":"\u00a9 Arnaud Bouissou \/ Terra ","lightbox":[],"title":"","href":"","rel":"","linkClass":"","width":"","height":"","aspectRatio":"","scale":"","linkTarget":"","lock":[],"metadata":[],"className":"wp-block-image alignwide size-large","style":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<figure class=\"wp-block-image alignwide size-large\"><img src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg\" alt=\"\" class=\"wp-image-1621\"\/><figcaption class=\"wp-element-caption\">\u00a9 Arnaud Bouissou \/ Terra <br><\/figcaption><\/figure>\n","innerContent":["\n<figure class=\"wp-block-image alignwide size-large\"><img src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg\" alt=\"\" class=\"wp-image-1621\"\/><figcaption class=\"wp-element-caption\">\u00a9 Arnaud Bouissou \/ Terra <br><\/figcaption><\/figure>\n"],"rendered":"\n<figure class=\"wp-block-image alignwide size-large\"><img src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg\" alt=\"\" class=\"wp-image-1621\"\/><figcaption class=\"wp-element-caption\">\u00a9 Arnaud Bouissou \/ Terra <br><\/figcaption><\/figure>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"The desire to retrofit homes for improved energy efficiency manifests itself in the definition of increasingly ambitious targets1, and the introduction of ever more numerous public policies to achieve them: the (French) energy transition tax credit (CITE, which became \u201cMaPrimeRenov\u2019\u201d (English: \u201cMyRetrofitBonus\u201d) in 2020); energy savings certificates (CEE) in the wake of the 2005 Energy Orientation and Scheduling law; a zero-percent eco-loan (EPTZ) following the 2009 Grenelle de l\u2019Environnement (Environment Summit); a carbon tax from 2014 onwards, to name only the flagship policies.","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p>The desire to retrofit homes for improved energy efficiency manifests itself in the definition of increasingly ambitious targets<sup data-fn=\"4856900a-894b-44aa-a7eb-fd703f26186d\" class=\"fn\"><a href=\"#4856900a-894b-44aa-a7eb-fd703f26186d\" id=\"4856900a-894b-44aa-a7eb-fd703f26186d-link\">1<\/a><\/sup>, and the introduction of ever more numerous public policies to achieve them: the (French) energy transition tax credit (CITE, which became <em>\u201cMaPrimeRenov\u2019<\/em>\u201d (English: \u201cMyRetrofitBonus\u201d) in 2020); energy savings certificates (CEE) in the wake of the 2005 Energy Orientation and Scheduling law; a zero-percent eco-loan (EPTZ) following the 2009 <em>Grenelle de l\u2019Environnement<\/em> (Environment Summit); a carbon tax from 2014 onwards, to name only the flagship policies.<\/p>\n","innerContent":["\n<p>The desire to retrofit homes for improved energy efficiency manifests itself in the definition of increasingly ambitious targets<sup data-fn=\"4856900a-894b-44aa-a7eb-fd703f26186d\" class=\"fn\"><a href=\"#4856900a-894b-44aa-a7eb-fd703f26186d\" id=\"4856900a-894b-44aa-a7eb-fd703f26186d-link\">1<\/a><\/sup>, and the introduction of ever more numerous public policies to achieve them: the (French) energy transition tax credit (CITE, which became <em>\u201cMaPrimeRenov\u2019<\/em>\u201d (English: \u201cMyRetrofitBonus\u201d) in 2020); energy savings certificates (CEE) in the wake of the 2005 Energy Orientation and Scheduling law; a zero-percent eco-loan (EPTZ) following the 2009 <em>Grenelle de l\u2019Environnement<\/em> (Environment Summit); a carbon tax from 2014 onwards, to name only the flagship policies.<\/p>\n"],"rendered":"\n<p>The desire to retrofit homes for improved energy efficiency manifests itself in the definition of increasingly ambitious targets<sup data-fn=\"4856900a-894b-44aa-a7eb-fd703f26186d\" class=\"fn\"><a href=\"#4856900a-894b-44aa-a7eb-fd703f26186d\" id=\"4856900a-894b-44aa-a7eb-fd703f26186d-link\">1<\/a><\/sup>, and the introduction of ever more numerous public policies to achieve them: the (French) energy transition tax credit (CITE, which became <em>\u201cMaPrimeRenov\u2019<\/em>\u201d (English: \u201cMyRetrofitBonus\u201d) in 2020); energy savings certificates (CEE) in the wake of the 2005 Energy Orientation and Scheduling law; a zero-percent eco-loan (EPTZ) following the 2009 <em>Grenelle de l\u2019Environnement<\/em> (Environment Summit); a carbon tax from 2014 onwards, to name only the flagship policies.<\/p>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"However, actual renovations are well below the targets: fewer than 300,000 high-performance renovations are completed each year, against a target of 500,000. Furthermore, doubt remains as to the effectiveness and fairness of the policies rolled out: grants such as the CITE and CEE are criticized for the \u201cdead-weight effect\u201d they produce and the resulting poor quality of the work carried out; the number of eco-loans taken out is only a tenth of that initially envisaged; the carbon tax creates inequalities that became a catalyst of the gilets jaunes (\u201cyellow vests\u201d) crisis.","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p>However, actual renovations are well below the targets: fewer than 300,000 high-performance renovations are completed each year, against a target of 500,000. Furthermore, doubt remains as to the effectiveness and fairness of the policies rolled out: grants such as the CITE and CEE are criticized for the \u201cdead-weight effect\u201d they produce and the resulting poor quality of the work carried out; the number of eco-loans taken out is only a tenth of that initially envisaged; the carbon tax creates inequalities that became a catalyst of the<em> gilets jaunes<\/em> (\u201cyellow vests\u201d) crisis.<\/p>\n","innerContent":["\n<p>However, actual renovations are well below the targets: fewer than 300,000 high-performance renovations are completed each year, against a target of 500,000. Furthermore, doubt remains as to the effectiveness and fairness of the policies rolled out: grants such as the CITE and CEE are criticized for the \u201cdead-weight effect\u201d they produce and the resulting poor quality of the work carried out; the number of eco-loans taken out is only a tenth of that initially envisaged; the carbon tax creates inequalities that became a catalyst of the<em> gilets jaunes<\/em> (\u201cyellow vests\u201d) crisis.<\/p>\n"],"rendered":"\n<p>However, actual renovations are well below the targets: fewer than 300,000 high-performance renovations are completed each year, against a target of 500,000. Furthermore, doubt remains as to the effectiveness and fairness of the policies rolled out: grants such as the CITE and CEE are criticized for the \u201cdead-weight effect\u201d they produce and the resulting poor quality of the work carried out; the number of eco-loans taken out is only a tenth of that initially envisaged; the carbon tax creates inequalities that became a catalyst of the<em> gilets jaunes<\/em> (\u201cyellow vests\u201d) crisis.<\/p>\n"},{"blockName":"core\/heading","attrs":{"textColor":"red","textAlign":"","content":"Moving towards comprehensive renovation of buildings...","level":2,"levelOptions":[],"placeholder":"","lock":[],"metadata":[],"align":"","className":"wp-block-heading has-red-color has-text-color","style":"","backgroundColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>Moving towards comprehensive renovation of buildings...<\/strong><\/h2>\n","innerContent":["\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>Moving towards comprehensive renovation of buildings...<\/strong><\/h2>\n"],"rendered":"\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>Moving towards comprehensive renovation of buildings...<\/strong><\/h2>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"In light of this observed powerlessness, and stimulated by the French Citizens\u2019 Convention for Climate, more radical solutions are being examined, particularly the comprehensive renovation obligation: from 2030, any residential property that is due to be sold or have its lease renewed, but has an energy performance rating (DPE, similar to the UK\u2019s EPC) of F or G, it is mandatory to have the property renovated to \u201cA\u201d-rated standard2 (CCC, 2020). This kind of measure has significant implications regarding the funding required, which is in the region of \u20ac30,000 to \u20ac50,000 per residence, far higher than the current average expenditure of \u20ac9,100 (ADEME (French Agency for Ecological Transition) 2021). How can this financial burden be shared fairly and effectively between the State as provider of public goods and services (health, action to combat climate change, etc.), the households enjoying improved amenities (comfort), and third-party funders counting on the \u201cgreen value\u201d of housing? This question, sitting at the interface between microeconomics and macroeconomics, seems to be central in today\u2019s context: the plan to reset and relaunch following the COVID-19 pandemic.","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p>In light of this observed powerlessness, and stimulated by the French Citizens\u2019 Convention for Climate, more radical solutions are being examined, particularly the comprehensive renovation obligation: from 2030, any residential property that is due to be sold or have its lease renewed, but has an energy performance rating (DPE, similar to the UK\u2019s EPC) of F or G, it is mandatory to have the property renovated to \u201cA\u201d-rated standard<sup data-fn=\"568ee548-3a8d-4668-990e-bf668e47629a\" class=\"fn\"><a href=\"#568ee548-3a8d-4668-990e-bf668e47629a\" id=\"568ee548-3a8d-4668-990e-bf668e47629a-link\">2<\/a><\/sup> (CCC, 2020). This kind of measure has significant implications regarding the funding required, which is in the region of \u20ac30,000 to \u20ac50,000 per residence, far higher than the current average expenditure of \u20ac9,100 (<a href=\"https:\/\/librairie.ademe.fr\/cadic\/7014\/20220414_ra_ademe_2021_web.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ADEME <\/a>(French Agency for Ecological Transition) 2021). How can this financial burden be shared fairly and effectively between the State as provider of public goods and services (health, action to combat climate change, etc.), the households enjoying improved amenities (comfort), and third-party funders counting on the \u201cgreen value\u201d of housing? This question, sitting at the interface between microeconomics and macroeconomics, seems to be central in today\u2019s context: the plan to reset and relaunch following the COVID-19 pandemic.<\/p>\n","innerContent":["\n<p>In light of this observed powerlessness, and stimulated by the French Citizens\u2019 Convention for Climate, more radical solutions are being examined, particularly the comprehensive renovation obligation: from 2030, any residential property that is due to be sold or have its lease renewed, but has an energy performance rating (DPE, similar to the UK\u2019s EPC) of F or G, it is mandatory to have the property renovated to \u201cA\u201d-rated standard<sup data-fn=\"568ee548-3a8d-4668-990e-bf668e47629a\" class=\"fn\"><a href=\"#568ee548-3a8d-4668-990e-bf668e47629a\" id=\"568ee548-3a8d-4668-990e-bf668e47629a-link\">2<\/a><\/sup> (CCC, 2020). This kind of measure has significant implications regarding the funding required, which is in the region of \u20ac30,000 to \u20ac50,000 per residence, far higher than the current average expenditure of \u20ac9,100 (<a href=\"https:\/\/librairie.ademe.fr\/cadic\/7014\/20220414_ra_ademe_2021_web.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ADEME <\/a>(French Agency for Ecological Transition) 2021). How can this financial burden be shared fairly and effectively between the State as provider of public goods and services (health, action to combat climate change, etc.), the households enjoying improved amenities (comfort), and third-party funders counting on the \u201cgreen value\u201d of housing? This question, sitting at the interface between microeconomics and macroeconomics, seems to be central in today\u2019s context: the plan to reset and relaunch following the COVID-19 pandemic.<\/p>\n"],"rendered":"\n<p>In light of this observed powerlessness, and stimulated by the French Citizens\u2019 Convention for Climate, more radical solutions are being examined, particularly the comprehensive renovation obligation: from 2030, any residential property that is due to be sold or have its lease renewed, but has an energy performance rating (DPE, similar to the UK\u2019s EPC) of F or G, it is mandatory to have the property renovated to \u201cA\u201d-rated standard<sup data-fn=\"568ee548-3a8d-4668-990e-bf668e47629a\" class=\"fn\"><a href=\"#568ee548-3a8d-4668-990e-bf668e47629a\" id=\"568ee548-3a8d-4668-990e-bf668e47629a-link\">2<\/a><\/sup> (CCC, 2020). This kind of measure has significant implications regarding the funding required, which is in the region of \u20ac30,000 to \u20ac50,000 per residence, far higher than the current average expenditure of \u20ac9,100 (<a href=\"https:\/\/librairie.ademe.fr\/cadic\/7014\/20220414_ra_ademe_2021_web.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ADEME <\/a>(French Agency for Ecological Transition) 2021). How can this financial burden be shared fairly and effectively between the State as provider of public goods and services (health, action to combat climate change, etc.), the households enjoying improved amenities (comfort), and third-party funders counting on the \u201cgreen value\u201d of housing? This question, sitting at the interface between microeconomics and macroeconomics, seems to be central in today\u2019s context: the plan to reset and relaunch following the COVID-19 pandemic.<\/p>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"From 2040, this constraint will be extended to properties rated D and E.","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p>From 2040, this constraint will be extended to properties rated D and E.<\/p>\n","innerContent":["\n<p>From 2040, this constraint will be extended to properties rated D and E.<\/p>\n"],"rendered":"\n<p>From 2040, this constraint will be extended to properties rated D and E.<\/p>\n"},{"blockName":"core\/heading","attrs":{"textColor":"red","textAlign":"","content":"...but at what cost?","level":2,"levelOptions":[],"placeholder":"","lock":[],"metadata":[],"align":"","className":"wp-block-heading has-red-color has-text-color","style":"","backgroundColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>...but at what cost?<\/strong><\/h2>\n","innerContent":["\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>...but at what cost?<\/strong><\/h2>\n"],"rendered":"\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong>...but at what cost?<\/strong><\/h2>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"The answer to this question calls for analysis, within an integrated framework, of the interactions between a multitude of private actors, guided by a variety of economic behaviors and each targeted by specific public interventions (see figure 1):","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p>The answer to this question calls for analysis, within an integrated framework, of the interactions between a multitude of private actors, guided by a variety of economic behaviors and each targeted by specific public interventions (see figure 1):<\/p>\n","innerContent":["\n<p>The answer to this question calls for analysis, within an integrated framework, of the interactions between a multitude of private actors, guided by a variety of economic behaviors and each targeted by specific public interventions (see figure 1):<\/p>\n"],"rendered":"\n<p>The answer to this question calls for analysis, within an integrated framework, of the interactions between a multitude of private actors, guided by a variety of economic behaviors and each targeted by specific public interventions (see figure 1):<\/p>\n"},{"blockName":"core\/list","attrs":{"ordered":false,"values":"","type":"","start":0,"reversed":false,"placeholder":"","lock":[],"metadata":[],"className":"wp-block-list","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[{"blockName":"core\/list-item","attrs":{"placeholder":"","content":"households: what drives a household to seek a bank loan rather than using their savings to fund a renovation? Do households perceive a subsidized loan and a grant as being the same in cost-efficiency terms? How do these perceptions vary depending on income level, property tenure (owners vs. renters) and the type of housing (individual vs. collective)?","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<li>households: what drives a household to seek a bank loan rather than using their savings to fund a renovation? Do households perceive a subsidized loan and a grant as being the same in cost-efficiency terms? How do these perceptions vary depending on income level, property tenure (owners vs. renters) and the type of housing (individual vs. collective)?<\/li>\n","innerContent":["\n<li>households: what drives a household to seek a bank loan rather than using their savings to fund a renovation? Do households perceive a subsidized loan and a grant as being the same in cost-efficiency terms? How do these perceptions vary depending on income level, property tenure (owners vs. renters) and the type of housing (individual vs. collective)?<\/li>\n"],"rendered":"\n<li>households: what drives a household to seek a bank loan rather than using their savings to fund a renovation? Do households perceive a subsidized loan and a grant as being the same in cost-efficiency terms? How do these perceptions vary depending on income level, property tenure (owners vs. renters) and the type of housing (individual vs. collective)?<\/li>\n"}],"innerHTML":"\n<ul class=\"wp-block-list\"><\/ul>\n","innerContent":["\n<ul class=\"wp-block-list\">",null,"<\/ul>\n"],"rendered":"\n<ul class=\"wp-block-list\">\n<li>households: what drives a household to seek a bank loan rather than using their savings to fund a renovation? Do households perceive a subsidized loan and a grant as being the same in cost-efficiency terms? How do these perceptions vary depending on income level, property tenure (owners vs. renters) and the type of housing (individual vs. collective)?<\/li>\n<\/ul>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p><\/p>\n","innerContent":["\n<p><\/p>\n"],"rendered":"\n<p><\/p>\n"},{"blockName":"core\/list","attrs":{"ordered":false,"values":"","type":"","start":0,"reversed":false,"placeholder":"","lock":[],"metadata":[],"className":"wp-block-list","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[{"blockName":"core\/list-item","attrs":{"placeholder":"","content":"the renovation industry: how can building tradespeople combine efficiency measures applied to the building envelope and heating system(s) to optimize effectiveness, and thereby reduce the cost of renovations? What is the cost dispersion, and how can it be reduced through the effects of learning new approaches, or via stricter technical standards?","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<li>the renovation industry: how can building tradespeople combine efficiency measures applied to the building envelope and heating system(s) to optimize effectiveness, and thereby reduce the cost of renovations? What is the cost dispersion, and how can it be reduced through the effects of learning new approaches, or via stricter technical standards?<\/li>\n","innerContent":["\n<li>the renovation industry: how can building tradespeople combine efficiency measures applied to the building envelope and heating system(s) to optimize effectiveness, and thereby reduce the cost of renovations? What is the cost dispersion, and how can it be reduced through the effects of learning new approaches, or via stricter technical standards?<\/li>\n"],"rendered":"\n<li>the renovation industry: how can building tradespeople combine efficiency measures applied to the building envelope and heating system(s) to optimize effectiveness, and thereby reduce the cost of renovations? What is the cost dispersion, and how can it be reduced through the effects of learning new approaches, or via stricter technical standards?<\/li>\n"}],"innerHTML":"\n<ul class=\"wp-block-list\"><\/ul>\n","innerContent":["\n<ul class=\"wp-block-list\">",null,"<\/ul>\n"],"rendered":"\n<ul class=\"wp-block-list\">\n<li>the renovation industry: how can building tradespeople combine efficiency measures applied to the building envelope and heating system(s) to optimize effectiveness, and thereby reduce the cost of renovations? What is the cost dispersion, and how can it be reduced through the effects of learning new approaches, or via stricter technical standards?<\/li>\n<\/ul>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p><\/p>\n","innerContent":["\n<p><\/p>\n"],"rendered":"\n<p><\/p>\n"},{"blockName":"core\/list","attrs":{"ordered":false,"values":"","type":"","start":0,"reversed":false,"placeholder":"","lock":[],"metadata":[],"className":"wp-block-list","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[{"blockName":"core\/list-item","attrs":{"placeholder":"","content":"third-party funders: how do banks perceive the risk associated with energy-efficiency retrofits, which depends partly on the dynamism of the real-estate market, and partly on cost dispersion and the prevalence of quality issues? How do banks evaluate the risk profile of the potential borrower?","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<li>third-party funders: how do banks perceive the risk associated with energy-efficiency retrofits, which depends partly on the dynamism of the real-estate market, and partly on cost dispersion and the prevalence of quality issues? How do banks evaluate the risk profile of the potential borrower?<\/li>\n","innerContent":["\n<li>third-party funders: how do banks perceive the risk associated with energy-efficiency retrofits, which depends partly on the dynamism of the real-estate market, and partly on cost dispersion and the prevalence of quality issues? How do banks evaluate the risk profile of the potential borrower?<\/li>\n"],"rendered":"\n<li>third-party funders: how do banks perceive the risk associated with energy-efficiency retrofits, which depends partly on the dynamism of the real-estate market, and partly on cost dispersion and the prevalence of quality issues? How do banks evaluate the risk profile of the potential borrower?<\/li>\n"}],"innerHTML":"\n<ul class=\"wp-block-list\"><\/ul>\n","innerContent":["\n<ul class=\"wp-block-list\">",null,"<\/ul>\n"],"rendered":"\n<ul class=\"wp-block-list\">\n<li>third-party funders: how do banks perceive the risk associated with energy-efficiency retrofits, which depends partly on the dynamism of the real-estate market, and partly on cost dispersion and the prevalence of quality issues? How do banks evaluate the risk profile of the potential borrower?<\/li>\n<\/ul>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p><\/p>\n","innerContent":["\n<p><\/p>\n"],"rendered":"\n<p><\/p>\n"},{"blockName":"core\/list","attrs":{"ordered":false,"values":"","type":"","start":0,"reversed":false,"placeholder":"","lock":[],"metadata":[],"className":"wp-block-list","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[{"blockName":"core\/list-item","attrs":{"placeholder":"","content":"the State: how can the State reduce the risk associated with energy-efficiency retrofits: by imposing more stringent technical standards or by guaranteeing loans? Is it more effective to give grants to the banks so they can award subsidized loans (as was the case for EPTZ,\u00a0 the zero-percent eco-loan) or offer grants directly to households? What leverage effect is being achieved by green obligation policies and public guarantees founded on the social value of carbon?","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<li>the State: how can the State reduce the risk associated with energy-efficiency retrofits: by imposing more stringent technical standards or by guaranteeing loans? Is it more effective to give grants to the banks so they can award subsidized loans (as was the case for EPTZ,&nbsp; the zero-percent eco-loan) or offer grants directly to households? What leverage effect is being achieved by green obligation policies and public guarantees founded on the social value of carbon?<\/li>\n","innerContent":["\n<li>the State: how can the State reduce the risk associated with energy-efficiency retrofits: by imposing more stringent technical standards or by guaranteeing loans? Is it more effective to give grants to the banks so they can award subsidized loans (as was the case for EPTZ,&nbsp; the zero-percent eco-loan) or offer grants directly to households? What leverage effect is being achieved by green obligation policies and public guarantees founded on the social value of carbon?<\/li>\n"],"rendered":"\n<li>the State: how can the State reduce the risk associated with energy-efficiency retrofits: by imposing more stringent technical standards or by guaranteeing loans? Is it more effective to give grants to the banks so they can award subsidized loans (as was the case for EPTZ,&nbsp; the zero-percent eco-loan) or offer grants directly to households? What leverage effect is being achieved by green obligation policies and public guarantees founded on the social value of carbon?<\/li>\n"}],"innerHTML":"\n<ul class=\"wp-block-list\"><\/ul>\n","innerContent":["\n<ul class=\"wp-block-list\">",null,"<\/ul>\n"],"rendered":"\n<ul class=\"wp-block-list\">\n<li>the State: how can the State reduce the risk associated with energy-efficiency retrofits: by imposing more stringent technical standards or by guaranteeing loans? Is it more effective to give grants to the banks so they can award subsidized loans (as was the case for EPTZ,&nbsp; the zero-percent eco-loan) or offer grants directly to households? What leverage effect is being achieved by green obligation policies and public guarantees founded on the social value of carbon?<\/li>\n<\/ul>\n"},{"blockName":"core\/heading","attrs":{"textColor":"red","textAlign":"","content":"A problem at the heart of the research","level":2,"levelOptions":[],"placeholder":"","lock":[],"metadata":[],"align":"","className":"wp-block-heading has-red-color has-text-color","style":"","backgroundColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong><strong>A problem at the heart of the research<\/strong><\/strong><\/h2>\n","innerContent":["\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong><strong>A problem at the heart of the research<\/strong><\/strong><\/h2>\n"],"rendered":"\n<h2 class=\"wp-block-heading has-red-color has-text-color\"><strong><strong>A problem at the heart of the research<\/strong><\/strong><\/h2>\n"},{"blockName":"core\/paragraph","attrs":{"align":"","content":"These questions are being studied at the International Center for Research on the Environment and Development (CIRED) using \u201cRes-IRF\u201d, a technical and economic model of energy consumption in France\u2019s housing stock. Developed around ten years ago, Res-IRF offers a richly detailed picture of household-level behavior and the energy efficiency of French housing stock. It factors in a number of barriers to energy efficiency \u2013 the root causes of the \u201cenergy efficiency gap\u201d (Jaffe and Stavins, 1994) \u2013 such as the rebound effect, credit constraints that differ according to households\u2019 income level, the owner\/renter dilemma, the difficulties of decision-making in co-ownership situations, and the hidden costs of renovating for improved energy efficiency.\u00a0 \u00a0","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p>These questions are being studied at the International Center for Research on the Environment and Development (CIRED) using \u201cRes-IRF\u201d, a technical and economic model of energy consumption in France\u2019s housing stock. Developed around ten years ago, Res-IRF offers a richly detailed picture of household-level behavior and the energy efficiency of French housing stock. It factors in a number of barriers to energy efficiency \u2013 the root causes of the \u201cenergy efficiency gap\u201d (Jaffe and Stavins, 1994) \u2013 such as the rebound effect, credit constraints that differ according to households\u2019 income level, the owner\/renter dilemma, the difficulties of decision-making in co-ownership situations, and the hidden costs of renovating for improved energy efficiency.&nbsp; &nbsp;<\/p>\n","innerContent":["\n<p>These questions are being studied at the International Center for Research on the Environment and Development (CIRED) using \u201cRes-IRF\u201d, a technical and economic model of energy consumption in France\u2019s housing stock. Developed around ten years ago, Res-IRF offers a richly detailed picture of household-level behavior and the energy efficiency of French housing stock. It factors in a number of barriers to energy efficiency \u2013 the root causes of the \u201cenergy efficiency gap\u201d (Jaffe and Stavins, 1994) \u2013 such as the rebound effect, credit constraints that differ according to households\u2019 income level, the owner\/renter dilemma, the difficulties of decision-making in co-ownership situations, and the hidden costs of renovating for improved energy efficiency.&nbsp; &nbsp;<\/p>\n"],"rendered":"\n<p>These questions are being studied at the International Center for Research on the Environment and Development (CIRED) using \u201cRes-IRF\u201d, a technical and economic model of energy consumption in France\u2019s housing stock. Developed around ten years ago, Res-IRF offers a richly detailed picture of household-level behavior and the energy efficiency of French housing stock. It factors in a number of barriers to energy efficiency \u2013 the root causes of the \u201cenergy efficiency gap\u201d (Jaffe and Stavins, 1994) \u2013 such as the rebound effect, credit constraints that differ according to households\u2019 income level, the owner\/renter dilemma, the difficulties of decision-making in co-ownership situations, and the hidden costs of renovating for improved energy efficiency.&nbsp; &nbsp;<\/p>\n"},{"blockName":"core\/heading","attrs":{"level":3,"textColor":"medium-grey","textAlign":"","content":"Ecosystem of renovating for energy efficiency","levelOptions":[],"placeholder":"","lock":[],"metadata":[],"align":"","className":"wp-block-heading has-medium-grey-color has-text-color","style":"","backgroundColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<h3 class=\"wp-block-heading has-medium-grey-color has-text-color\">Ecosystem of renovating for energy efficiency<\/h3>\n","innerContent":["\n<h3 class=\"wp-block-heading has-medium-grey-color has-text-color\">Ecosystem of renovating for energy efficiency<\/h3>\n"],"rendered":"\n<h3 class=\"wp-block-heading has-medium-grey-color has-text-color\">Ecosystem of renovating for energy efficiency<\/h3>\n"},{"blockName":"core\/image","attrs":{"id":1617,"width":"577px","height":"407px","sizeSlug":"large","linkDestination":"none","align":"center","blob":"","url":"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1024x724.jpg","alt":"","caption":"\u00a9 Louis-Ga\u00ebtan Giraudet","lightbox":[],"title":"","href":"","rel":"","linkClass":"","aspectRatio":"","scale":"","linkTarget":"","lock":[],"metadata":[],"className":"wp-block-image aligncenter size-large is-resized","style":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1024x724.jpg\" alt=\"\" class=\"wp-image-1617\" style=\"width:577px;height:407px\"\/><figcaption class=\"wp-element-caption\">\u00a9 Louis-Ga\u00ebtan Giraudet<\/figcaption><\/figure>\n","innerContent":["\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1024x724.jpg\" alt=\"\" class=\"wp-image-1617\" style=\"width:577px;height:407px\"\/><figcaption class=\"wp-element-caption\">\u00a9 Louis-Ga\u00ebtan Giraudet<\/figcaption><\/figure>\n"],"rendered":"\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_icono-1024x724.jpg\" alt=\"\" class=\"wp-image-1617\" style=\"width:577px;height:407px\"\/><figcaption class=\"wp-element-caption\">\u00a9 Louis-Ga\u00ebtan Giraudet<\/figcaption><\/figure>\n"},{"blockName":"core\/paragraph","attrs":{"fontSize":"small","align":"","content":"","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"has-small-font-size","style":"","backgroundColor":"","textColor":"","gradient":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p class=\"has-small-font-size\"><\/p>\n","innerContent":["\n<p class=\"has-small-font-size\"><\/p>\n"],"rendered":"\n<p class=\"has-small-font-size\"><\/p>\n"},{"blockName":"core\/paragraph","attrs":{"fontSize":"small","align":"","content":"[2] From 2040, this constraint will be extended to properties rated D and E.","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"has-small-font-size","style":"","backgroundColor":"","textColor":"","gradient":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p class=\"has-small-font-size\"><a id=\"_ftn2\" href=\"#_ftnref2\">[2]<\/a> From 2040, this constraint will be extended to properties rated D and E.<\/p>\n","innerContent":["\n<p class=\"has-small-font-size\"><a id=\"_ftn2\" href=\"#_ftnref2\">[2]<\/a> From 2040, this constraint will be extended to properties rated D and E.<\/p>\n"],"rendered":"\n<p class=\"has-small-font-size\"><a id=\"_ftn2\" href=\"#_ftnref2\">[2]<\/a> From 2040, this constraint will be extended to properties rated D and E.<\/p>\n"},{"blockName":"core\/paragraph","attrs":{"textColor":"medium-grey","align":"","content":"Text adapted from an article published in Le Cahier des Ponts n\u00b05, La finance verte, in September 2021.","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"className":"has-medium-grey-color has-text-color","style":"","backgroundColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n<p class=\"has-medium-grey-color has-text-color\"><strong>Text adapted from an article published in <a rel=\"noreferrer noopener\" href=\"https:\/\/ecoledesponts.fr\/sites\/ecoledesponts.fr\/files\/documents\/cdp_5_numerique.pdf\" target=\"_blank\">Le Cahier des Ponts n\u00b05<\/a>, La finance verte, in September 2021.<\/strong><\/p>\n","innerContent":["\n<p class=\"has-medium-grey-color has-text-color\"><strong>Text adapted from an article published in <a rel=\"noreferrer noopener\" href=\"https:\/\/ecoledesponts.fr\/sites\/ecoledesponts.fr\/files\/documents\/cdp_5_numerique.pdf\" target=\"_blank\">Le Cahier des Ponts n\u00b05<\/a>, La finance verte, in September 2021.<\/strong><\/p>\n"],"rendered":"\n<p class=\"has-medium-grey-color has-text-color\"><strong>Text adapted from an article published in <a rel=\"noreferrer noopener\" href=\"https:\/\/ecoledesponts.fr\/sites\/ecoledesponts.fr\/files\/documents\/cdp_5_numerique.pdf\" target=\"_blank\">Le Cahier des Ponts n\u00b05<\/a>, La finance verte, in September 2021.<\/strong><\/p>\n"},{"blockName":"core\/footnotes","attrs":{"lock":[],"metadata":[],"className":"","style":"","backgroundColor":"","textColor":"","fontSize":"","fontFamily":"","borderColor":""},"innerBlocks":[],"innerHTML":"","innerContent":[],"rendered":""}],"seo":{"title":"Renovation of housing for energy efficiency \u2013 in detail"},"media":{"img":"<img width=\"2560\" height=\"1704\" src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-scaled.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-scaled.jpg 2560w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-300x200.jpg 300w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1024x682.jpg 1024w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-768x511.jpg 768w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-1920x1278.jpg 1920w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/>","src":"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/07\/Cdp_Num3_LGGiraudet_bandeau-scaled.jpg"},"url":"\/en\/articles\/renovation-of-housing-for-energy-efficiency-in-detail\/","related":{"post":[],"author":[{"title":"Louis-Ga\u00ebtan Giraudet","url":"\/en\/authors\/louis-gaetan-giraudet\/","id":"1714","media":"<img width=\"60\" height=\"60\" src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Louis_Gaetan_Giraudet-60x60.png\" class=\"attachment-author-thumb size-author-thumb wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Louis_Gaetan_Giraudet-60x60.png 60w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Louis_Gaetan_Giraudet-150x150.png 150w\" sizes=\"auto, (max-width: 60px) 100vw, 60px\" \/>","slug":"louis-gaetan-giraudet"}],"subject":[{"title":"Cities, Urban planning &#038; Construction","url":"\/en\/subjects\/cities-urban-planning-construction\/","id":"936","media":"<img width=\"1920\" height=\"1080\" src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-ville.jpg\" class=\"attachment- size- wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-ville.jpg 1920w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-ville-300x169.jpg 300w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-ville-1024x576.jpg 1024w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-ville-768x432.jpg 768w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/>","slug":"cities-urban-planning-construction"},{"title":"Economics &#038; Society","url":"\/en\/subjects\/economics-society\/","id":"124","media":"<img width=\"1920\" height=\"1080\" src=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-economie.jpg\" class=\"attachment- size- wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-economie.jpg 1920w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-economie-300x169.jpg 300w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-economie-1024x576.jpg 1024w, https:\/\/ingenius.ecoledesponts.fr\/wp-content\/uploads\/2022\/11\/Ecole-des-ponts-webmagazine-economie-768x432.jpg 768w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/>","slug":"economics-society"}],"category":[{"title":"Articles","url":"\/en\/articles\/category\/articles\/","id":"1716","media":"","slug":"articles","_related_post_type":""}],"folder":[]},"translated":"https:\/\/ingenius.ecoledesponts.fr\/articles\/la-renovation-energetique-des-logements-a-la-loupe\/","icon":"icon-article","duration":"4","custom_excerpt":"For around fifteen years, retrofitting of housing to improve energy efficiency has been established as a priority of public action. The willingness to do it is driven by the idea that renovating homes to improve energy efficiency is a low-cost way of reducing greenhouse gas (GHG) emissions, while creating substantial co-benefits for households\u2019 purchasing power, comfort and health.<br>","duration_type":"","_links":{"self":[{"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/posts\/1711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/comments?post=1711"}],"version-history":[{"count":4,"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/posts\/1711\/revisions"}],"predecessor-version":[{"id":8950,"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/posts\/1711\/revisions\/8950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/media\/1622"}],"wp:attachment":[{"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/media?parent=1711"}],"wp:term":[{"taxonomy":"article-types","embeddable":true,"href":"https:\/\/ingenius.ecoledesponts.fr\/en\/wp-json\/wp\/v2\/article-types?post=1711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}