NEWS
London building retrofit take-off

Collaboration across the London property market could open up a whole new industry in retrofitting buildings to reduce carbon emissions, according to a leading expert on carbon reduction and business.

Speaking at a session dedicated to the issue of retrofitting at a GE and London First conference on how London can meet its carbon emission targets, Cat Watkins, assistant director for energy and environmental infrastructure advisory at Ernst & Young, said a partnering approach across the property market could set the conditions to allow carbon-reducing retrofitting to take off.

‘This kind of London-wide collaboration could liberate retrofit in London,’ she said. ‘The retrofit market in London, across all types of property, is an opportunity save 1.5 million tons of carbon a year. We need an innovative funding solution to persuade investors that retrofit is the place to put their money.’

 

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