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Retrofit Market and Green GrowthA World Economic Forum report on the retrofit market outlines practical recommendations for policy-makers to stimulate energy efficiency investments in existing commercial buildings Key finding: Establishment of a national standardized energy consumption and efficiency rating system. Among the six countries studied in-depth, Australia was found to have the most mature retrofit market as a result of a long-standing reporting and rating system, coupled with additional government-led action, including tax deductions and a third party institution to take on demonstration projects. Other markets examined included China, Japan, the United States, the United Kingdom and Germany. In total, over 100 interviews with experts, government leaders and business leaders from a cross-section of industries in these countries reinforced the findings and yielded 20 practical, action-oriented recommendations for the public and private sector to undertake immediately. Click here to download the report. The report, entitled, A Profitable and Resource Efficient Future: Catalysing Retrofit Finance and Investing in Commercial Real Estate, also describes the critical role that banks, insurance companies, institutional investors, utilities, energy service companies and real estate holders need to play in unlocking the potential of the retrofit market, which has been estimated at US$ 400 billion in the United States alone.
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