Page 48 - European Energy Innovation - spring 2020 publication
P. 48
48 Spring 2020 European Energy Innovation
BUILDINGS RETROFIT
An Istanbul resident in an The EBRD, with its
apartment newly insulated with strong transition mandate
products from ODE Yalitim, a and ability to operate across
recipient of EBRD financing all sectors of the economy,
can play a vital role in the
regional transformation of
the value chain for
low-carbon buildings.
finance with the establishment of a The EBRD, with its strong transition EBRD’s longstanding experience
one-stop-shops providing guidance mandate and ability to operate in buildings has seen it invest
on what measures to undertake and across all sectors of the economy €3.8 billion in retrofitting
how to access financial support, can play a vital role in the regional buildings and €1.9 billion in
adhere with relevant standards, and transformation of the value chain for increasing resource efficiency,
manage the paperwork throughout low-carbon buildings. and reducing emissions and
the renovation process. waste in energy-intensive
At present, EBRD is piloting a number industries in building supply
Demand-side actors, including of sector-specific policy initiatives chains since 2006.
landlords, investors and developers, (decarbonisation roadmaps, long term
also need to work together with their renovation strategies, introduction This has delivered an estimated
counterparts across the value chain, of enabling legislation), which will 14.3 million tonnes of CO2eq
including contractors, materials form the foundation of a number of reduction annually in emissions
manufacturers, architects, and facility innovative financing platforms. reductions across our countries
managers, to address the fragmented of operation.
nature of the buildings sector and These platforms will use our
specific market barriers. established network and For more information and to
accumulated experience to facilitate discuss cooperation, please
These changes would require relevant matchmaking between investors, contact:
policy and regulatory reforms to donors and the demand side while
create an enabling environment that aggregating and mainstreaming Remon Zakaria
can support the transition tailoring groups of projects in order to achieve +44 207 338 6000
the approach to each building scale in the otherwise fragmented ZakariaR@ebrd.com
category based on the specific building sector.
barriers and drivers outlined in the
table above. More significant financial We are confident about the success of
support is required for market such approach, because we will do it in
segments affected by complex set of cooperation with key European partners
market barriers (i.e. public buildings, and by mobilising capacity of all the
rented or social housing, etc.). major market players in the region. ●
www.europeanenergyinnovation.eu
