“…Scenarios involving energy e ciency and refurbishments frequently report the potential for improvement in the considered studies. Six studies [16,18,19,26,27,31] go even further by examining exogenous factors driving stock development, such as projected population growth and future evolution of the energy mix or the renovation rate. Seven studies [17,21,25,28,29,32,33,40] furthermore include cost analyses measuring the energy or impact improvements of projects against the payback time, related job creation or investment capacity, which are mentioned as topics for future work in two studies [18,20].…”