At the Paris COP21 meetings, more than 190 countries have come together with the aim of achieving a legally binding and universal agreement on climate that can keep global warming below the critical 2°C level.
Over 30% of GHG emissions are buildings related. Emissions are predicted to double by 2050. The buildings sector offers one of the most cost-effective and economically beneficial paths for reducing energy demand and associated emissions while at the same time supporting adaptation and resilience to climate change.
Many low-energy, renewable and deep- renovation solutions are available such as exterior
Off-Site manufactured Insulated Metal Panels for walls and roofs. These high performance energy efficiency insulated panels contribute to reducing demand side energy and related GHGs. Proven policy, finance and technology innovation are critical drivers to building energy efficiency to reduce demand side energy and related GHGs.
The economic, health, and social benefits of sustainable buildings are significant. Providing more than 50 per cent of global wealth, and one of the largest employers at local level, the sector also creates jobs and economical development.
The Paris COP21 for the first time created a
In the presentations the critical question facing every policymaker is:
If investing in efficient buildings is so economical, why aren't building owners doing it already? Misalignment of current incentives, or lack of, and market signals do not provide market certainty that is need for capitol investment. Addressing the causes of these market failures will allow the market to pivot and bring market-based solutions.
The biggest driver of improved energy performance in buildings has been policy, standards, and codes that progressively have raised the bar of energy efficiency, allowing for commercialization of technology and economics of scale to come together. Voluntary building rating systems such as USGBC’s LEED also have helped drive performance beyond code.
Existing buildings represent over 60 percent of global electricity consumption. Benchmarking these buildings as an integral part of demand side energy. Capital investments in creating demonstration models are critical in deploying scalable repeatable technology solutions. The critical question remains: How to unlock the long term capital necessary to accelerate Deep Energy Retrofit of existing build stock.