The Green Finance Institute has announced a new partnership with the Laudes Foundation to accelerate the decarbonisation of the built environment.
Together they will work on accelerating the market for financing net zero, with Laudes providing funding and strategic support for the Institute's Coalition for the Energy Efficiency of Buildings (CEEB).
The coalitions work includes in-depth analysis of the investment barriers to decarbonising heat in UK homes. Increasingly there has been a focus on the need to accelerate the rollout of low-carbon heating alternatives in the UK, with Boris Johnson setting a target of 600,000 heat pump installations annually by 2028.
If the UK is to meet its greenhouse gas emissions target of 180 million tons between 2023 and 2032 advancement must be made on greening the built environment, in particular heating. Emissions from heating and cooling at home must fall by 18% by 2030 to reach EU targets for example.
As such in September, the Green Finance Institute launched a Zero Carbon Heating Taskforce to develop a portfolio of financial solutions to unlock investment in the sector as part of CEEB.
Dr Rhian-Mari Thomas OBE, chief executive of the Green Finance Institute, said the UK urgently needs to retrofit its home and building stock.
“The partnership with a leading philanthropic institution such as Laudes Foundation will enable us to accelerate the innovative work being carried out by our CEEB coalition, building on our work in the UK to date by seeking international opportunities to channel capital towards local solutions that help deliver greener, more resilient and more comfortable homes.”