Decarbonization and CO2 reduction
Renovating existing properties can save emissions and avoid financial risks – find out how here. Contact us
Decarbonizing the building stock: achieving climate targets and increasing resilience
Achieving the climate targets and thus a sustainable CO2 reduction is probably one of the biggest European to-dos for the coming years.
To achieve this, an effective decarbonization strategy is needed.
The European building stock offers great potential for CO2 savings: it is responsible for around 40% of energy consumption and almost 30% of all greenhouse gas emissions in the EU.
If the European Union and its decarbonization strategy have their way, the entire European building stock should therefore become climate-neutral by 2050.
This ambitious goal can only be achieved through sustainable renovation and refurbishment.
We offer:
- Personal and individual advice on sustainable refurbishment
- Support with the implementation of sensible renovation measures for your property
- Information on CRREM and the Risk Assessment Tool
- Information on other certification systems for sustainable construction and refurbishment, such as DGNB, LEED, BREEAM and many more.
Decarbonization means increasing value
If existing buildings are not adapted to changing conditions, owners, investors and companies are taking risks in several dimensions. On the one hand, an outdated, unrenovated building structure results in increased heating and cooling requirements and this alone results in not inconsiderable additional costs.
On the other hand, the pricing of CO2 emissions is becoming increasingly important, as the costs per ton of CO2 are being increased year on year.
CO2 emissions are an important factor that should be taken into account for both investments and renovation projects: the mere fact that properties and portfolios have high CO2 emissions represents a risk: the “carbon risk” is the financial risk associated with a high carbon intensity of properties and portfolios.
This is because investors are also thinking more and more green and want their money to be invested in sustainable and future-proof projects.
If the building stock is not updated, the investment quickly becomes a lost asset.
Effective CO2 reduction with CRREM
This is where the Carbon Risk Real Estate Monitor (CRREM) comes into play: the risk assessment tool helps to assess the stranding risk of assets, in this case existing properties.
CRREM shows where there is a concrete need for action and then offers targeted measures to reduce CO2 risk factors and avoid a reduction in the value of the property.
CRREM provides scientifically sound decarbonization pathways for the real estate sector that are geared towards achieving the 2-degree target and thus provides guidance for owners and investors for sustainable construction and renovation.
CRREM aims to highlight the (financial) risks that would exist for existing buildings, users, investors and owners without change.
Rapid success through targeted restructuring
When it comes to reducing emissions, the refurbishment of existing buildings can bring rapid success.
There is great potential for savings in many areas, such as heating and lighting.
Heating systems that run on fossil fuels can be replaced by heat pumps or photovoltaics, for example.
The electricity consumption of an existing property also offers great potential for savings, especially if elevators, ventilation, air conditioning and other systems are operated in large properties.
Are you planning a sustainable renovation?
We will be happy to advise you and support you in implementing the right measures to save CO2.
Phone +49 711 62049-340 Email info@hoinka.com