Housing Association Charitable Trust RetrofitCredits
Funded Project: Description
RetrofitCredits is a new service that will unlock investment in social housing retrofit by verifying the emission reductions and social value of housing retrofit projects and originating carbon credits backed by those emission reductions. It will centre the impact of these retrofit activities on residents and communities through the incorporation of social value metrics, so that the funding unlocked through carbon credits doesn’t just reduce carbon, but also improves lives.
The pilot aims to test this methodology on up to 3,500 housing association homes undergoing retrofit. In doing so, this project will facilitate significant capital flows from businesses making carbon neutral or net-zero commitments to housing providers, reducing the overall cost of funding retrofit activities.