The European Union's post-pandemic recovery fund has poured €43 billion into improving the energy efficiency of private homes, but a damning report from the European Court of Auditors (ECA) published on Tuesday concludes the program has failed to maximise energy savings, monitor results properly or ensure taxpayers received value for money.
“EU renovation funding for private homes should go to those projects with the greatest potential for cutting energy use. However, we saw all too often that Recovery and Resilience Facility (RRF) funds went where they were easiest to spend, not where they would make the biggest difference”, said Nikolaos Milionis, the ECA member responsible for the audit.
