The UK Government’s Green Finance Institute (GFI) has found that scaling up green retrofitting of the UK’s existing housing stock would require investments of up to £65bn while supporting the economic recovery, as the Green Alliance calls for policy amendments to retrofitting in the UK. The GFI has today published a report outlining 21 financial ‘demonstrator’ projects that will be developed to finance the retrofitting of the UK’s existing housing stock, in order to meet the UK Government’s 2035 target of ensuring that as many homes as possible achieve an Energy Performance Certificate (EPC) rating of C. The GFI set up the Coalition for the Energy Efficiency of Buildings (CEEB) in December 2019, which consists of 52 organisations and 85 individuals and has spent the last five months exploring financial barriers to retrofitting across owner-occupied, private-rented and social-rented homes in the UK. The resulting report suggests that investments totalling £65bn would be required to meet the Government’s 2035 targets, but that a portfolio of financial solutions can catalyse a green retrofitting transformation that also assists with a green recovery from the economic downturn caused by the coronavirus pandemic.
Edie 20th May 2020 read more »
Press release: Green Finance Institute’s Coalition for the Energy Efficiency of Buildings releases first report on scaling-up retrofit financing.
Green Finance Institute 20th May 2020 read more »