NEWS: UKGBC responds to Green Finance Taskforce report: Accelerating green finance

Richard Twinn, Policy Advisor at UKGBC, responds to the Green Finance Taskgroup report.
Green Finance Taskforce report

Published on

March 28, 2018

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Richard Twinn, Policy Advisor at UKGBC said:

The built environment represents one of the most cost-effective opportunities for tackling climate change and driving low carbon growth, but there is a risk that the growing wave of interest in green investments will pass this sector by. The Green Finance Taskforce has made it clear that investment in transforming our building stock will only come with clear leadership and smart regulation from government.

We strongly welcome the recommendations to introduce operational ratings and tighten minimum standards for commercial buildings. This will provide the transparency and certainty to allow building owners to invest in improving their buildings. It is also very encouraging to see the Taskforce put stamp duty back on the agenda to incentivise homeowners to take action. Efforts to improve the UK’s existing homes have stalled in recent years, but stimulating consumer demand will be fundamental to driving investment and building a genuine market for low energy retrofit.

Read the full Accelerating green finance: Green Finance Taskforce report here.