Experts have stated that more than one UK home each minute will have to be refurbished between now and 2050 in order to reach environmental targets.
According to the authors of a recent report to Parliament, 25 million existing homes will not meet new standards of home insulation as stricter regulations come in over the next 30 years.
Emissions in the UK need to be cut by 80% by 2050, and one-third of these emissions come from heat lost in draughty buildings. The Green Building Council has issued a report saying that four out of five homes that will be in use by 2050 have already been constructed, and most do not have the necessary levels of insulation to reach these future targets.
The government has indicated that policies would be devised as soon as possible, but critics insist that ministers have been too slow to apply a national home renovation programme. Such an undertaking would save on costs and improve overall happiness, comfort, and health. Thousands of jobs would also be created.
Local authorities have invested in insulating some council homes, but private homeowners have been reluctant to invest a lot of money in projects that will save costs but take a long time to pay off. Even though the UK has some of the lowest energy prices in Europe, bills remain high due to poor insulation.
The authors of the report say that the challenge to meet the 80% reduction target also offers a prime opportunity under the infrastructure agenda of the current government. The business of insulating roofs, floors, and walls creates more jobs and has more benefits than any other infrastructure project.