Wednesday, 10 March 2021 A new report launched today by the Buildings Performance Institute Europe (BPIE) finds that EU Member States continue to underplay the role of the building sector in delivering a climate-neutral Europe. Based on detailed analysis of eight Long Term Renovation Strategies (LTRS) accounting for over 50 percent of the EU population, the report highlights that most LTRS miss the EPBD target of a highly efficient and decarbonised building stock, and none of the strategies are in line the EU’s objective of achieving climate-neutrality by 2050. This means that the substantial increase in renovation activity to 3 percent annual deep renovation that is required to meet the EU’s 2030 Targets, is unlikely to be achieved.