Jaime Nieto, Paul Brockway and John Barrett
Reducing energy consumption in UK buildings is a key part of measures required to meet Net Zero carbon emissions goals by 2050. The UK’s Buildings Mission aims at reducing new build energy use to 50% of current levels by 2030. At the same time, the UK’s 2017 Clean Growth Strategy contains targets relating to retrofit of existing buildings: for homes to be upgraded to band C by 2030, and non-domestic properties to improve energy productivity by 20% by 2030.
Researchers at the University of Leeds undertook a macroeconometric study to estimate the broader socio-macroeconomic impacts of energy reduction targets to new and existing domestic and non-domestic buildings in the UK. The modelling analysis used the University of Leeds’ MARCO-UK econometric model. Key results across different scenarios include quantification of actual total energy reduction and finding wider benefits including higher GDP, jobs, wages and disposable income.
Nieto, J., Brockway, P. and Barrett, J. 2019. Socio-macroeconomic impacts of meeting new build and retrofit UK building energy targets to 2030: a MARCO-UK modelling study, pdfOpens in a new tab. Sustainability Research Institute (SRI) Leeds Working Paper No. 121. (48 pages, 1.8 MB)
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