Thread by @EnergiesprongUK

We need to #retrofit 2 homes a minute by 2050, says @AskNationwide.

25+ industry orgs have joined our 5 asks for government to unlock a self-financing deep retrofit market that can deliver warm & affordable homes for millions▶️bit.ly/5AsksRetrofit #DontForgetRetrofit #COP26

1⃣ #NetZero target for homes - now. 🏡

Stepped targets are creating a piecemeal approach to #retrofit that costly & difficult to finance.

A clear target for net zero homes ensures investment in cost-effective retrofit and industrial innovation. #DontForgetRetrofit #COP26

2⃣ £250 million innovation investment.💷

5 – 7 years of innovation funding following the “commit and review” Offshore Wind Accelerator arrangement could:

▶️kickstart a self-sustaining market
▶️deploy existing methods to alleviate fuel poverty.

#DontForgetRetrofit #COP26

3⃣ Zero carbon = zero VAT.👷‍♀️

Remove the VAT disincentive for manufactured #EnergyEfficiency products to unlock an industrialised approach to net zero.

This was also outlined in @ConstructionCLC & @fmbuilders' #NationalRetrofitStrategy.

#DontForgetRetrofit #COP26

4⃣ Create secure business models.📈

We need to enable landlords to finance deep retrofits through combined rent and ‘comfort plan’ payments.

This was instrumental in bringing forward a 20,000 #Energiesprong home pipeline in The Netherlands.

#DontForgetRetrofit #COP26

5⃣ Zero or low interest rate.🏦

Currently, the cost for financing #NetZero #retrofit in the UK is 2 - 4.5% compared to <1.5% in the Netherlands and 0.75% in Germany.

Find out more about #Energiesprong & our 5 asks: bit.ly/5AsksRetrofit

#DontForgetRetrofit #COP26