The Renvoate Europe Campaign, an intiaitve set up by EuroACE (the European Alliance of Copanies for Energy Efficiency in Buildings), has for years been lobbying for greater ambitions in this area. It wants the EU to triple the annual renovation rate of teh EU building stock from teh current 1% to 3% by 2020, and to ensure that the aggregate result leads to an 80% reduction of the energy demand of teh building stock by 2050, compared to 2005.