The UK’s retrofitting industry needs to grow by ten times its current size if the UK is to decarbonise its housing stock at a pace suitable for the wider net-zero emissions target, new research has revealed. The paper, published by Bankers for Net Zero and the Green Finance Institute, claims that an estimated 29 million homes need to be retrofitted with low-carbon solutions if the UK is to meet net-zero emissions by 2050. Heating and powering homes make up 23% of the UK’s carbon footprint. Tackling these sources of emissions will also assist with job growth across the UK, notably for small and medium-sized organisations (SMEs), the paper adds. Indeed, the retrofit industry consists mainly of SMEs and this sector will need to grow by at least a factor of 10 to deliver the required levels of retrofits. The paper calls for a “clear plan” for the industry to be introduced by Government.
Edie 22nd Sept 2021 read more »