Financial crisis increasing incentives for refurbishments

Financial crisis increasing incentives for refurbishments

News Item
25 Apr 2013

The economic climate is increasing incentives for the real estate sector to invest in upgrades of buildings. This is the conclusion of a survey of construction and real estate players by the Buildings Performance Institute Europe (BPIE).

BPIE is a not-for-profit research and think tank organisation located in Brussels and focused on improving the energy performance of buildings across Europe in order to helping to reduce CO2 emissions from the energy used by buildings.

The report ‘Investing in energy efficiency in Europe’s buildings’ identifies that refurbishment will be crucial to achieving lasting value and the recession is making energy saving improvements to buildings more attractive. Lessons learned from the survey include deeper retrofits lower the risk of asset depreciation and Europe’s oldest and most inefficient buildings should be renovated first.

Glass for Europe, the trade association for Europe's flat glass manufacturers, has long argued that a deep retrofit must include the replacement of old, inefficient glazing with modern high performance energy efficient glazing. This is particularly pertinent as about 85% of glazing in Europe’s buildings is inefficient. The solution has already been largely provided by glass manufacturers, for example the NSG Group with products such as Pilkington Suncool™, Pilkington Optitherm™ and Pilkington K Glass™. These are the products that can help to make Europe’s buildings low and zero energy.

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