In March 2023, the EU Parliament voted to revise this directive as part of a "Fit for 55" package, which aims to meet a minimum 55% reduction of greenhouse gas emissions by 2030.

By 2050, the EU intends to achieve a "zero-emission and fully decarbonized building stock."1 In short, by 2050, they want every building — commercial, public and residential — in the EU to meet zero-emission standards. To achieve that, they will impose a slew of new requirements on homeowners.

For example, heating systems that use fossil fuels are to be completely phased out of existence by 2035,2 if the European Parliament gets its way, and that means homeowners will be required to install new "green," presumably electric, heating systems — and pay for it out of pocket. According to Bull-Hansen, the cost for these new energy requirements is estimated to be around 100,000 euros for a residential house.