Buildings’ operations account for 30% of global final energy consumption and 26% of global energy-related emissions, making them a prime target for decarbonization through retrofit. Yet progress in reducing emissions to date is not enough, and worse still, slowing.
- A lack of available capital means a substantial number of buildings owners are missing out on the deliverable operational cost reductions, carbon emission reductions and supply security that can be gained.
- Nevertheless, arrangements known as energy-efficiency-as-a-service are increasingly enabling investment in retrofit technologies without putting pressure on capital resources.
- To quantify the potential impact of these schemes, this insight study estimates the baseline annual emissions reduction that energy-efficiency-as-a-service arrangements could enable between now and the end of the decade in four key areas of the world – North America, Europe, India and China.