The UK government has said that decarbonising its public building estate could cost up to £30bn.
The government said the value, which is predicted to be between £25-30bn, was “indicative” and based on the “undiscounted” current prices, which could fluctuate over the number of years that it would take to deliver the projects.
The estimates were obtained by the BBC’s Sunday with Laura Kuenssberg show under a Freedom of Information request.
Retrofitting public buildings has long been seen as a viable space for PPPs to scale up decarbonisation efforts. Programmes such as London Energy Efficiency Fund (LEEF) and Bristol’s ambitious City Leap initiative have successfully channelled private financing into public estate energy efficiency projects.
To read more about the potential for UK PPP retrofits - click here.