Adapting the city Building & Infrastructure Iain Grant Buildings Management Director, Bruntwood Building Retrofit C40 Cities The Key Issues • For property owners; the preservation of asset value and ensuring that buildings are fit for purpose; • For occupiers; ensuring that staff productivity is not impaired and where possible enhanced • How do we measure our success • Adaptation is a here and now issue The Importance of Time (aka The Commercial Imperative) Includes the differences between • Strategy and tangible implementation • Short term mitigation and long term adaptation • Time horizon over which our investment plans are predicated Building Retrofit – the key challenges ? From 37% of UK emissions in 2009 to zero by 2050; principally from the existing building stock Heritage buildings How do we choose which buildings to adapt and what happens to those that we reject ? Funding VRF Market Market Volumes Kw Cooling Capacity Installed VRF in Use VRF Market Growth of Heat Recovery systems Cooling only 12% Heat Pump 40% Heat Recovery 27% 73% 48% 2000 2011 Why? • Flexibility • Efficiency • Cost How do we fund ? Has to be sustainable Stand alone adaptation doesn’t work financially, build in to current investment plans Inclusive rents may be the solution (Green Deal et al) Ultimately a move away from P & L funded costs to balance sheet investment The Opportunities GM wide strategy We have a GM wide Governance Structure Technology exists today Large number of organisations keen to become involved, but haven't yet built an effective coalition for change Adapting the city