For a sense of scale and context, commercial real estate accounts for more than 10% of all greenhouse gas emissions from buildings. As such, we have a critical role to play when it comes to tackling climate change.
The BPF says that owners of commercial buildings have been waiting more than two years for a response to a Government consultation on new minimum energy efficiency standards for the sector. BPF research shows that the lack of regulatory certainty is one of the top five barriers to a net zero property sector
“The property sector is already investing heavily and working together to decarbonise, but this needs to be accompanied by clear policy and regulation by Government,” says a statement from the BPF. “The delay in publishing a response to the consultation has already made the proposed interim milestone of EPC C by 2027 unrealistic and any additional delay risks undermining work to deliver the longer-term target of EPC B by 2030.”