Prime Minister, Rishi Sunak has appointed the Rt Hon Grant Shapps MP, as Secretary of State for the new UK Government Department that’s been tasked with securing long-term energy supply, bringing down bills and halving inflation.
Energy efficiency and the property sector
Propertymark welcomes the new department and will look to work with Shapps and his Ministers to ensure the property sector can play its part in the UK becoming net zero by 2050.
Buildings account for 30 per cent of emissions in the UK, with homes making up 17 per cent of the total, which means there is room for improvement across the sector. However, property agents are looking for clarity on how landlords, homeowners and businesses can meet energy performance targets.
Improving the energy efficiency of housing and buildings is not only important to reduce fuel bills but is the right thing to do.