To have any chance of reducing emissions and eventually getting to net zero, governments are starting to take proactive steps to reach these goals through initiatives and regulations. New initiatives in the EU include the likes of the Fit for 55 package, the publication of an EU taxonomy and of course the Energy Efficient Mortgage Initiative. In the UK, the government has committed to upgrading as many homes as possible to band C and above by 2035 and they have also mandated that by 2030, all rented commercial properties will have to have a minimum B EPC rating.
Key learning objectives:
Identify the proactive steps that the EU and UK bodies are taking with the aims of reducing emissions
Comprehend the scale of the financing needed to carry out the retrofitting of residential properties