UK Gov. Proposals Flashcards
Explain a key proposal of the Energy White Paper.
Net zero emissions by 2050
What changes are likely to be made to MEES under the Energy White Paper?
- As part of the government’s target to reduce emissions to net-zero by 2050, in April 2023 the property sector will be hit by the next stage of the rules on EPCs and MEES regulations
- From April 2023, the prohibition on letting a commercial proerty with an EPC rating below an E will apply to continuing / existing leases as well as new leases
Explain the proposed changes under current Government consultation to MEES for non-domestic properties?
In 2022, the government launched a consultation proposing that the minimum EPC standard would increase incrementally, proposing that commercial properties must have an EPC rating of C or higher by 1 April 2027, rising to B or higher by 2030
Explain how EPC reporting on the Government website has changed.
EPCs are now virtual - they are displayed in a webpage format instead of a PDF document
Explain the proposals under the Government’s Net Zero Strategy and Heat & Buildings Strategy.
Net Zero Strategy (Build Back Greener):
* Power - delivering a decarbonised power system by 2035
* Heat and buildings - decarbonising the way we heat and power our buildings
* Transport - setting the pace for greener, better transport
* Natural resources, waste & F-gases - harnessing nature for net zero
* Greenhouse gas removals - balancing residual emissions to achieve net zero
Heat & Buildings Strategy:
* Green recovery - setting out the importance, urgency and scale of opportunity for buildings decarbonisation to drive green recovery
* Jobs - investing in the green recovery can support up to 240,000 low-carbon buildings-related jobs by 2035
* Skills - creating the low-carbon workforce we need will require investment in skills
* Levelling up - improving our homes and buildings comes with huge benefits to quality of life and economic activity
* Helping shape a ‘Green Global Britiain’ - as a world leader in low-carbon technology
What is the Energy Company Obligation (ECO) scheme and what will it fund?
- The ECO scheme supports energy efficiency measures in the home of those considered to be in fuel poverty
- It works by placing a Home Heating Cost Reduction Obligation (HHCRO) on medium and large energy suppliers
Explain a key theme discussed in the RICS and World Built Environment Forum Sustainability Report 2021.
Change in occupier demand for green / sustainable buildings in the last 12 months:
* Globally, around three fifths of respondents report that occupier demand for green / sustainable buildings has grown over the past 12 months. Around 47% detect a modest rise, while 10% note a significant pick-up
* Globally, around half of respondents believe that green / sustainable buildings achieve a rent and a price premium over comparable non-green / sustainable buildings
What is the Smart Export Guarantee (SEG)?
The SEG is a support mechanism designed to ensure small-scale generators are paid for the renewable electricity they export to the grid. It has been in place since 1 January 2020
What is the Sustainable Finance Disclosure Regulation (SFDR)?
The SFDR is a European regulation introduced to improve transparency in the market for sustainable investment products, to prevent greenwashing and to increase transparency around sustainability claims made by fiancial market participants
What are the Taxonomy Regulations?
- Published in the Official Journal of the EU on 22 June 2020 and entered into force on 12 July 2020
- It establishes the basis for the EU taxonomy by setting out 4 overarching conditions that an economic activity has to meet in order to qualify as environmentally sustainable
Explain your understanding of the B Corp certification.
A private certification of for-profit companies of their “social and environmental performance”
What is BOPAS?
An independent Third Party Accreditation of MMC Providers, providing assurance to Lenders, Developers and Homeowners as to the integrity and durability of properties accredited under the scheme
What is CEEQAL?
The international evidence-based sustainability assessment, rating and awards scheme
What changes is the Government making to the use of rebated diesel and biofuels?
- Rebated diesel is entitled to a rebate of 46.81ppl, giving it an effective duty rate of 11.14ppl
- The changes will also extend fuel duty to biodiesel, bioblends and fuel substitutes used for heating, applying the rebated duty rate to non-commercial heating and the full rate of duty to commercial heating
How will the changes that the Government is making to the use of rebated diesel and biofuels affect the construction industry?
This means construction sites will have to use the more expensive white diesel, or find alternative ways of generating power and fuelling site vehicles