core sector communique

Report Highlights Retrofit Market as Key to Green Growth World Economic Forum Report on the retrofit market outlines practical recommendations for policy-makers to stimulate energy efficiency investments in existing commercial buildings. Key finding: Establishment of a national standardized energy consumption and efficiency rating system. Recommendations from six in-depth country case studies: China, Japan, US, UK, Germany and Australia, with Australia highlighted as having the most mature market to date.  New York, USA, 27 October 2011 – A new World Economic Forum report recommends practical steps government leaders can take to stimulate investments into energy efficiency upgrades in existing commercial buildings in order to enable job creation and green growth. The report, entitled, A Profitable and Resource Efficient Future: Catalysing Retrofit Finance and Investing in Commercial Real Estate, also describes the critical role that banks, insurance companies, institutional investors, utilities, energy service companies and real estate holders need to play in unlocking the potential of the retrofit market, which has been estimated at US$ 400 billion in the United States alone. For the full release and supporting information,