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25 March 2021

1 million commercial properties will need improvement under net-zero strategy

It is thought that 1 million commercial properties will need improvement in a bid to meet the Government’s new carbon targets.

The Government has recently published its Industrial Decarbonisation Strategy which incorporates a second consultation on the Minimum Energy Efficiency Standards for commercial properties.  This second consultation sets out a target of an EPC B rating for all commercial properties by 2030 and also provides for a new consultation on performance-based energy ratings in big industrial and commercial buildings.

The British Property Federation believes the introduction of new rules on assessing the energy performance of commercial and industrial buildings is a significant move in the right direction and will be vital in supporting property owners and occupiers to reach net-zero targets.

However, many in the property sector are calling for a longer net zero regulatory road map and said there should be a more clarity around regulations beyond 2030, a view that is supported by the British Property Federation.  Alex Green, associate director of the British Property Federation, comments:

“The Government’s commitment to a new stretching Minimum Energy Efficiency Standard up to 2030 will also act as an important signal to industry, but this is still too short-term in its approach for commercial property investors whose investment decisions today are based on forecasts that span the next several decades to come.

“The Government must provide a regulatory roadmap beyond 2030 to support property owners’ investment into our town and city centres.”

Reghbinder Deol

Reghbinder Deol

Tel: 01753 279062

Alison Taylor

Alison Taylor

Tel: 01753 279054 | 07891 990943

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