Mortgage Lending and the Transition to a Low Carbon Economy

Royal Institute of Chartered Surveyors 1 month ago

In this discussion, Andrew Knight interviews Joe Webb from Kamma about the impact of technology and data on the mortgage lending sector, particularly related to climate sustainability and the transition to a low-carbon economy.
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Daily Sustainability Digest

Generated by AI about 3 hours ago

The UK Government recently announced plans to reform wind and solar project regulations to aid its 2030 clean energy target. This involves granting decision-making powers to Secretaries of State, which could expedite approvals for projects above 100MW capacity. The government aims to streamline grid access and lower energy costs, pleasing the business sector. Miliband's Clean Power Action Plan also includes removing unviable renewable projects from the grid connections queue.

Circularity in construction is becoming a focal point, with James Adams of Maconda Solutions outlining necessary conditions for embedding these practices in the industry. Emphasizing the role of stakeholders can lead to greater adoption of circular economy models, reducing waste and enhancing sustainability in the construction process.

In West Yorkshire, the Ferrybridge 1 facility has contributed significantly to emission reductions by processing six million tonnes of unrecyclable waste, preventing over two million tonnes of CO2e emissions since it began operations in 2015. This highlights the potential of waste-to-energy facilities in reducing the environmental impact of the construction sector's waste.

The Environment Agency has reached a new milestone with the Stallingborough 3 sea defence project, part of its £29 million initiative to improve flood defences between Immingham and Grimsby. Such infrastructure projects are vital for protecting construction sites and surrounding communities from climate-related risks.

The UK faces a significant challenge in its race to expand electrical vehicle (EV) charge points by 2030, with major planning and regulatory hurdles identified. Despite the ambitious aim to install 300,000 public charge points, accessibility and location issues may impact progress, indicating a need for strategic planning and development in the construction of necessary infrastructure.

Lastly, there is a growing demand for green skills in the construction industry as regulatory and environmental goals tighten. Bridging the green skills gap is essential to ensure the workforce can meet sustainability targets and help mitigate the construction sector's environmental impact. Training and education are crucial for equipping workers with the necessary skills to contribute to a sustainable future.

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