The world is currently facing an unprecedented energy crisis due to a combination of economic and geopolitical factors, leading to record-high energy prices across Europe, pushing households into poverty and greater economic strain. In the UK, energy bills reached unprecedented levels over the past year, with households feeling the significant effects of higher inflation and weaker economic activity. The average UK household is expected to lose 8.3% of its total spending power in 2022 as a result of having to pay higher energy bills. The government has introduced a plan to cap the cost of household energy bills until 31 March 2023 and has also provided some financial support for commercial bill-payers. To save energy, households should improve the energy efficiency of their homes, such as through insulation and energy-efficient appliances, and by installing solar panels. In order to ensure energy security and reduce energy costs in the long term, governments must invest in sustainable and renewable energy sources, such as wind and solar, and reduce their reliance on Russia for energy supplies. This crisis is a stark reminder of the urgent need to take action and secure our energy future.
Over the past year, the increasingly popular buzzword “ESG” has found its way into many newspaper articles and online posts – but what does ESG mean in a property context? Environment, Social and Corporate Governance (ESG) are the three core factors which are used to measure the sustainability and societal impact of properties and will be the key metrics influencing the future of property development and valuation. ESG standards and reports enable companies and landlords to take proactive steps to implement forward-thinking upgrades or changes to their buildings in order to strengthen their overall sustainability and adhere to the continuously tightening regulations.
Growing global gas prices and the energy problem in Europe are raising heating and electricity costs by 54% for numerous British households. The government’s energy regulator, Ofgem, has declared that the cost of heating and electricity for multiple British homes will rise by 54% in April. The sharp elevation results from growing global natural gas […]