Hounslow Council pioneers local net-zero investment model.
The unique strategy seeks to provide warmer homes, cut utility bills, and assist Hounslow in combating climate change.
Hounslow Council is taking a brave first step towards meeting the UK’s Net Zero ambitions by developing a Net Zero Neighbourhood (NZN) strategy.
This novel concept is intended to attract public and private investment for large-scale retrofitting and local decarbonisation.
Retrofitting entails making existing homes more energy efficient by adding insulation, installing heat pumps, and upgrading heating systems, which is critical for lowering emissions and energy bills.
Buildings account for 23% of total UK emissions, and the majority of residences that will exist in 2050 have already been built.
This means that upgrading them to be more energy efficient is critical to lowering carbon emissions and making homes more affordable to operate.
Retrofitting is necessary, but the cost, estimated at £250 billion nationally, cannot be covered only by public finance.
The NZN approach solves this issue by grouping retrofit projects at the neighbourhood scale, leveraging public and private funding to produce carbon reduction, warmer houses, and social benefits.
Hounslow’s Investment Memorandum was created through partnership with Connected Places Catapult and 3Ci.
The strategy demonstrates how coordinated interventions like insulation upgrades, heat pumps, solar panels, and shared heat networks may reach economies of scale and attract institutional investors.
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