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We aim to deliver practical and commercial solutions that are financially viable. Work with us to unlock the barriers in the move to a low carbon utility sector.

Energy Efficiency

The UK has an ambitious climate change target of reducing 80% of its green house gas emissions from 1990 levels by 2050. Energy efficiency of buildings is key in helping achieve these targets.

Together with our Associates, the Foundation is working on the potential of establishing standards for energy efficiency refurbishment programmes for buildings. Trusted standards are likely to help increase investment into building energy efficiency refurbishment programmes by helping increase investor and building occupier confidence in these programmes.

Residential energy efficiency

Previously the Foundation focused on energy efficiency in the residential sector. As this sector makes up 27% of UK green house gas emissions, in order to achieve the national emissions targets, the energy performance of majority of UK homes will need to be improved in the next few decades. Additionally improving the energy performance of homes also increases the UK’s energy security, has a positive impact on the comfort and health of home occupiers and helps reduce their energy bills.

To help progress the increase of energy efficiency in homes in the UK, the Foundation partnered with the Climate Bonds Initiative, Energy Saving Trust and Marksman Consulting to form the Local Energy Efficiency Project (LEEP). LEEP worked to develop sustainable, scalable financial solutions to attract commercial capital for a national residential eco-refurbishment programme. Key aspects of the project included:

  • leveraging the capabilities and leadership of local authorities
  • helping ensure high rates of adoption and sustained emission reductions
  • creating innovative financing structures and a market to help the private sector tap into eco-refurbishment opportunities

LEEP was supported by the Sainsbury Family Charitable Trusts. In Phase 1 of the project we engaged with the financial community and other key stakeholders to identify the barriers to residential eco-refurbishment. A report of Phase 1 findings has been published. In Phase 2 we carried out feasibility assessments on ways to remove some of the barriers identified in Phase 1. This included:  

  • Increasing adoption of domestic energy efficiency:  How to maximise household uptake to improve commercial viability and durability of Green Deal programmes?
  • Financing - A local authority aggregation warehouse and refinancing solutions: How can local authority programmes be aggregated and access private sector finance?
  • Financing - eco-refurbishment bonds: How can Green Deal programmes access the bond market to refinance the programmes?

A report of Phase 2 findings has been published.

 

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We welcome your suggestions and the opportunity to discuss our activities and collaborative ventures in the areas we are working on and any other relevant areas.